Wheels Up's CFO Todd Smith will be leaving the company for a new role; chief legal officer Laura Heltebran will be departing to “pursue other opportunities.”
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Wheels Up Experience chief financial officer Todd Smith is leaving the company for a new role and chief legal officer Laura Heltebran is departing to “pursue other opportunities,” the company announced today. Starting September 9, Matthew Knopf will join Wheels Up as chief legal officer and secretary, with Eric Cabezas acting as interim CFO while a search is conducted for Smith's replacement.
"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 CEO 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."
The moves continue a string of changes of the leadership and come amidst financial woes for Wheels Up. First-quarter revenues for 2024 fell by $155 million year over year, to $197 million.
"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."
Wheels Up CFO, Chief Legal Officer Leaving Company
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Wheels Up Experience chief financial officer Todd Smith is leaving the company for a new role and chief legal officer Laura Heltebran is departing to “pursue other opportunities,” the company announced today. Starting September 9, Matthew Knopf will join Wheels Up as chief legal officer and secretary, with Eric Cabezas acting as interim CFO while a search is conducted for Smith's replacement.
"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 CEO 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."
The moves continue a string of changes of the leadership and come amidst financial woes for Wheels Up. First-quarter revenues for 2024 fell by $155 million year over year, to $197 million.
"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."