DGAP-News: Advanced Inflight Alliance AG / Key word(s): Change of
Personnel/Change of Personnel
Advanced Inflight Alliance AG: Industry experts join the Supervisory
Board
08.09.2011 / 13:01
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Press Release
Advanced Inflight Alliance AG: Industry experts join the Supervisory Board
Munich, September 8, 2011 - The Commercial Registry of the Munich District
Court has appointed Mr. Edward L. Shapiro and Mr. Jean-Yves Leblanc to the
Supervisory Board of Advanced Inflight Alliance AG (ISIN DE0001262186, WKN
126218, Schellingstrasse 35, 80799 Munich, Germany). The appointment was
made at the request of the Company's Executive Management Board after two
members of the Supervisory Board stepped down on August 10, 2011, with
immediate effect. The Supervisory Board, which must comprise three members,
thus is complete again and constitutes a quorum. The Supervisory Board
convened and constituted itself today, electing Mr. Edward L. Shapiro its
Chairman and Mr. Jörgen Chidekel its Vice Chairman.
The Supervisory Board of the world market leader in inflight entertainment
has thus been enhanced by two experienced managers and renowned experts in
the media, airline, transport and travel sectors.
Mr. Edward L. Shapiro, MBA (Master of Business Administration) and CFA
(Chartered Financial Analyst), is Vice President of PAR Capital Management
Inc., Boston, USA, and has been a Portfolio Manager specializing in media,
entertainment and the airline industries since 1997. Mr. Shapiro currently
serves on the Board of Directors of Lodgenet Interactive (NASDAQ: LNET);
Row 44, Inc.; Legend 3D Inc.; and Lumexis Corporation. Mr. Shapiro
previously served on the Board of US Airways Inc. (NYSE: LCC) and Web.com
(NASDAQ: WWWW). Prior to joining PAR Capital, Mr. Shapiro was a research
analyst and Vice President of Wellington Management Company LLP in Boston
from 1990 to 1997. Mr. Shapiro earned his MBA from the Anderson School of
Business at UCLA and his BS in Economics from the Wharton School at the
University of Pennsylvania.
Mr. Jean-Yves Leblanc, MBA (Master of Business Administration), has been a
Director of a number of international companies since 2004. Mr. Leblanc
has served on the Board of Kéolis SA, Paris, France, a large private
operator of public transportation systems worldwide with more than 40,000
employees since 2007, and on the Board of Transat AT, Montréal, Canada, one
of the largest travel tour operators in the world since 2008. From 2001 to
2004, Mr. Leblanc was the Chairman of the Board of Bombardier
Transportation (30,000 employees in 25 countries, with a major presence in
Germany), and from 1986 to 2001, he served as Bombardier's President and
Chief Operating Officer (COO). Before that, Mr. Leblanc was executive
director of two large companies in Québec, Canada.
Says the new CEO/Chairman of the Executive Management Board, Louis
Bélanger-Martin: 'I am extremely pleased that we were able to recruit both
Mr. Shapiro in his capacity as representative of our new anchor investor,
PAR Investment Partners L.P., and Mr. Leblanc for the Supervisory Board.
Both gentlemen have extensive industry-specific expertise and enormous
management experience, and they will lend valuable support to the Company
in achieving its ambitious goals.'
Advanced Inflight Alliance AG
The Management Board
End of Corporate News
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Language: English
Company: Advanced Inflight Alliance AG
Schellingstr. 35
80799 München
Germany
Phone: +49 (0)89 613805-0
Fax: +49 (0)89 613805-55
E-mail: info@aialliance.com
Internet: www.advanced-inflight-alliance.com
ISIN: DE0001262186
WKN: 126218
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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138657 08.09.2011
DGAP-News: Advanced Inflight Alliance AG: Industry experts join the Supervisory Board
| Source: EQS Group AG