Wednesday, November 7, 2012

JetBlue CFO Resigns Suddenly

JetBlue (JBLU) CFO Ed Barnes has resigned, the company announcedafter the market closed on Tuesday. The airline’s shares dropped 2.4% in after-hours trading after rising 4% during the day.

The company did not explain why Barnes, who has served as CFO since 2008, is resigning. JetBlue� announced that Treasurer Mark Powers will replace him on an interim basis.

Update: The company sent us the following statement: “[We] just wanted to clarify that Mr. Barnes left amicably, to pursue other interests.”

“Under Ed’s leadership, our company has benefitted from a stronger financial discipline, allowing us to plan a sustainable growth strategy,” said CEO Dave Barger. “The financial team Ed built will continue to serve JetBlue well, and we wish him well in his future endeavors.”

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