Cleveland-based Flight Options came full circle late last month when it named company founder Kenn Ricci chairman, ending months of speculation that he would again take the helm of the fractional provider. In addition, Flight Options appointed Mike Silvestro the new CEO, replacing former chief executive S. Michael Scheeringa, who will remain an investor in Flight Options and a “strategic advisor at the board level,” a spokesman said.
The move was not unexpected–one source told AIN specific details of the management shuffle weeks before the official announcement on July 21–and might be only the beginning of more management changes at the company, according to several industry sources. In fact, the sources specifically suggested that vice president of sales and marketing Phillip LaVelle, COO Sanjay Aggarwal, vice president and CFO Bruce Boyle and vice president of West Coast sales Pat Gallagher would be the next ones to leave the company.
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