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Wheels Up Announces Executive Leadership Transitions

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Wheels Up Experience Inc. (NYSE: UP) announced executive leadership transitions. Chief Financial Officer Todd Smith and Chief Legal Officer Laura Heltebran are departing. Matthew Knopf, formerly of Delta Air Lines, will join as Chief Legal Officer and Secretary on September 9. Eric Cabezas will serve as interim Chief Financial Officer.

Knopf brings over 35 years of legal experience, including nine years at Delta Air Lines where he led key legal teams. Cabezas, who joined Wheels Up in 2019, previously served as interim CFO and was instrumental in securing the company's 2023 capital investment.

CEO George Mattson expressed confidence in Knopf's industry knowledge and Cabezas' ability to lead the finance team during the transition. He also thanked Smith and Heltebran for their contributions to the company.

Wheels Up Experience Inc. (NYSE: UP) ha annunciato delle transizioni nella leadership esecutiva. Il Direttore Finanziario Todd Smith e il Direttore Legale Laura Heltebran stanno per lasciare l'azienda. Matthew Knopf, ex Delta Air Lines, si unirà come Direttore Legale e Segretario il 9 settembre. Eric Cabezas assumerà il ruolo di Direttore Finanziario ad interim.

Knopf porta con sé oltre 35 anni di esperienza legale, inclusi nove anni presso Delta Air Lines, dove ha guidato team legali chiave. Cabezas, che è entrato in Wheels Up nel 2019, ha precedentemente ricoperto il ruolo di CFO ad interim ed è stato fondamentale per garantire l'investimento di capitale dell'azienda nel 2023.

Il CEO George Mattson ha espresso fiducia nella conoscenza del settore di Knopf e nella capacità di Cabezas di guidare il team finanziario durante la transizione. Ha anche ringraziato Smith e Heltebran per il loro contributo all'azienda.

Wheels Up Experience Inc. (NYSE: UP) anunció transiciones en el liderazgo ejecutivo. El Director Financiero Todd Smith y la Directora Legal Laura Heltebran están dejando la empresa. Matthew Knopf, anteriormente de Delta Air Lines, se unirá como Director Legal y Secretario el 9 de septiembre. Eric Cabezas actuará como Director Financiero interino.

Knopf aporta más de 35 años de experiencia legal, incluidos nueve años en Delta Air Lines, donde dirigió equipos legales clave. Cabezas, quien se unió a Wheels Up en 2019, previamente se desempeñó como CFO interino y fue instrumental para asegurar la inversión de capital de la empresa en 2023.

El CEO George Mattson expresó confianza en el conocimiento de la industria de Knopf y en la capacidad de Cabezas para liderar el equipo financiero durante la transición. También agradeció a Smith y a Heltebran por sus contribuciones a la empresa.

Wheels Up Experience Inc. (NYSE: UP)는 임원 리더십 전환을 발표했습니다. 최고 재무 책임자 Todd Smith와 최고 법률 책임자 Laura Heltebran이 떠납니다. Matthew Knopf는 Delta Air Lines 출신으로 9월 9일자 최고 법률 책임자 및 비서로 합류할 예정입니다. Eric Cabezas는 임시 최고 재무 책임자로 재직합니다.

Knopf는 Delta Air Lines에서 9년을 포함해 35년 이상의 법률 경험을 가지고 있으며, 주요 법률 팀을 이끌었습니다. 2019년에 Wheels Up에 합류한 Cabezas는 임시 CFO로도 근무했으며, 2023년 기업 자본 투자를 확보하는 데 중요한 역할을 했습니다.

CEO George Mattson은 Knopf의 산업 지식과 Cabezas의 재무 팀을 이끌 수 있는 능력에 대한 신뢰를 표명했습니다. 또한 Smith와 Heltebran의 회사에 대한 기여에 감사했습니다.

Wheels Up Experience Inc. (NYSE: UP) a annoncé des transitions au sein de son équipe de direction. Le Directeur Financier Todd Smith et la Directrice Juridique Laura Heltebran quittent l'entreprise. Matthew Knopf, anciennement chez Delta Air Lines, rejoindra l'entreprise en tant que Directeur Juridique et Secrétaire le 9 septembre. Eric Cabezas sera Directeur Financier par intérim.

Knopf possède plus de 35 ans d'expérience juridique, dont neuf ans chez Delta Air Lines, où il a dirigé des équipes juridiques clés. Cabezas, qui a rejoint Wheels Up en 2019, a précédemment occupé le poste de CFO par intérim et a joué un rôle clé dans l'obtention de l'investissement en capital de l'entreprise pour 2023.

Le CEO George Mattson a exprimé sa confiance dans les connaissances sectorielles de Knopf et dans la capacité de Cabezas à diriger l'équipe financière durant cette transition. Il a également remercié Smith et Heltebran pour leurs contributions à l'entreprise.

Wheels Up Experience Inc. (NYSE: UP) hat Übergänge in der Führungsebene angekündigt. Finanzvorstand Todd Smith und Rechtsvorstand Laura Heltebran verlassen das Unternehmen. Matthew Knopf, ehemalig von Delta Air Lines, wird am 9. September als Rechtsvorstand und Sekretär beginnen. Eric Cabezas wird als interimistischer Finanzvorstand fungieren.

Knopf bringt über 35 Jahre Erfahrung im Rechtsbereich mit, darunter neun Jahre bei Delta Air Lines, wo er wichtige Rechtsteams leitete. Cabezas, der 2019 zu Wheels Up kam, war zuvor interimistischer CFO und war entscheidend daran beteiligt, die Kapitalinvestition des Unternehmens für 2023 zu sichern.

CEO George Mattson brachte sein Vertrauen in Knopfs Branchenerfahrung und Cabezas' Fähigkeit zum Ausdruck, das Finanzteam während des Übergangs zu führen. Er dankte auch Smith und Heltebran für ihren Beitrag zum Unternehmen.

Positive
  • Appointment of Matthew Knopf as Chief Legal Officer, bringing 35 years of legal experience
  • Eric Cabezas, with previous interim CFO experience, stepping in as interim CFO
  • Cabezas' involvement in securing the company's 2023 capital investment
Negative
  • Departure of both Chief Financial Officer and Chief Legal Officer
  • Potential disruption in financial leadership during CFO transition

Chief Financial Officer Todd Smith and Chief Legal Officer Laura Heltebran to depart

Matthew Knopf to join as Chief Legal Officer and Secretary, with Eric Cabezas acting as interim Chief Financial Officer

ATLANTA, Aug. 21, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced two transitions on its executive leadership team, as Chief Financial Officer Todd Smith will be leaving the company for a new role, and Chief Legal Officer Laura Heltebran will be departing to pursue other opportunities.

Starting September 9, Matthew Knopf will be joining Wheels Up as Chief Legal Officer and Secretary, with Eric Cabezas acting as interim Chief Financial Officer while a search is conducted for Smith's replacement.

Knopf has served as Senior Vice President and Deputy General Counsel at Delta Air Lines since 2015, leading the Corporate Transactions, Aircraft Transactions & Finance, SEC & Corporate Governance and Corporate Real Estate legal teams. 

"Over the last nine years, Matthew has played a pivotal leadership role in the completion of Delta's many significant transactions and key joint venture restructurings, while serving as Deputy General Counsel," said Wheels Up Chief Executive Officer George Mattson. "His impressive breadth of experience built during his over 35-year legal career, along with his deep knowledge of the industry and our company, will undoubtedly ensure a seamless transition as Matthew assumes his new role. We're thrilled to welcome him to the team."

Cabezas joined Wheels Up in 2019 and previously acted as interim CFO during a period of transition for the company. In his role as SVP of Finance, Cabezas is responsible for providing key financial support to Wheels Up's commercial, operational and functional teams. He was also instrumental in the process of securing the company's 2023 capital investment.

"As we conduct our search for Todd's replacement, we would like to thank Eric for stepping into the role of interim CFO for the second time in his tenure at Wheels Up," said Mattson. "I have worked extensively with Eric and have every confidence in his ability to lead our finance team as we continue down the path to becoming a profitable and resilient business."

Mattson continued, "Todd and Laura were valued members of the executive leadership team who both made critical contributions during their time here. I wish them both the best in their future endeavors."

About Wheels Up
Wheels Up is a leading provider of on-demand private aviation and one of the largest companies in the industry. Wheels Up offers a complete global aviation solution with a large and diverse fleet and a global network of safety-vetted charter operators, all backed by an uncompromising commitment to safety and service. Customers can access charter and membership programs, as well as unique commercial travel benefits through a one-of-a-kind, strategic partnership with Delta Air Lines. Wheels Up also offers cargo, safety and security solutions and managed services to individuals, industry, government and civil organizations.

Wheels Up is guided by the mission to deliver a premium solution for every customer journey. With the Wheels Up mobile app and website, members and customers have the digital convenience to search, book and fly.

Cautionary Note Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the control of Wheels Up Experience Inc. ("Wheels Up"). These forward-looking statements include, but are not limited to, statements regarding the expected impact and timing of certain personnel transitions. The words "anticipate," "continue," "could," "expect," "plan," "potential," "should," "would," "pursue" and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in Wheels Up's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the "SEC") on March 7, 2024 and Wheels Up's other filings with the SEC from time to time. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Wheels Up does not intend to update any of these forward-looking statements after the date of this press release.

For more information, please visit: wheelsup.com

Contacts

Investors: 
ir@wheelsup.com

Media:
press@wheelsup.com

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SOURCE Wheels Up

FAQ

Who is joining Wheels Up (UP) as the new Chief Legal Officer?

Matthew Knopf, formerly Senior Vice President and Deputy General Counsel at Delta Air Lines, will join Wheels Up as Chief Legal Officer and Secretary on September 9, 2024.

Who will serve as interim CFO for Wheels Up (UP) following Todd Smith's departure?

Eric Cabezas, SVP of Finance at Wheels Up, will serve as interim Chief Financial Officer while a search is conducted for Todd Smith's replacement.

When will the executive leadership transitions at Wheels Up (UP) take effect?

The transitions will take effect on September 9, 2024, when Matthew Knopf joins as Chief Legal Officer and Eric Cabezas assumes the role of interim CFO.

What was Eric Cabezas' role in Wheels Up's (UP) 2023 capital investment?

Eric Cabezas, as SVP of Finance, played an instrumental role in the process of securing Wheels Up's 2023 capital investment.

Wheels Up Experience Inc.

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