CFO Peter Hunt Leaving Pinnacle Airlines Corp.

Pinnacle Airlines Corp. PNCL announced today that Vice President and CFO Peter D. Hunt is leaving the company to become Senior Vice President and Chief Financial Officer of Virgin America Airlines in San Francisco. His last day at Pinnacle will be June 15. "This was a difficult decision," Hunt said. "I love working at Pinnacle and am very proud of the success we achieved and how we met the challenges that are inherent in the airline industry. I have confidence in Pinnacle, its people and its future growth prospects, and am proud to have been part of shaping that legacy." Pinnacle Board of Directors Chairman and Interim CEO Donald J. Breeding said the Board will begin an immediate search for Hunt's replacement in consultation with Sean Menke, who will become Pinnacle's Chief Executive Officer on July 1. "The CFO plays a vital role on any CEO's team, particularly during a time of change and transition," said Breeding. "We view this as an opportunity to bring in another strong CFO who will help us take full advantage of our strong financial position." "Peter is a key reason Pinnacle has bright prospects for long-term growth. He is an exceptionally talented executive and while we will certainly miss him, we wish him continued success."