In his letter of resignation, Mr Challenger expressed his appreciation to the Board, as well as to the Company’s lead shareholders and staff, for the opportunity to serve the region during the past three years.
LIAT’s Chairman, Jean Holder, speaking on behalf of the shareholders, Board of Directors and staff, expressed the view that Mr. Challenger has made an important contribution to LIAT during a difficult period in which he exhibited loyalty, dedication and hard work.
Until he leaves at the end of June 2012, Mr. Challenger will work with the executive management team to facilitate a smooth transition to a new CEO.
Mrs. Julie Reifer-Jones, Chief Financial Officer, will act as CEO in the interim. Meanwhile active steps are in place to fill the post of CEO as soon as possible.