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D. Dale Browning Appointed New Chairman of Frontier Airlines Holdings, Inc. Board of Directors
Long Time Board Member Brings Tremendous Banking and Finance Experience to
New Role
DENVER, Sept. 6 /PRNewswire-FirstCall/ -- Frontier Airlines (Nasdaq:
FRNT) today announced that D. Dale Browning has been appointed Chairman of
the Board of Frontier Airlines Holdings, Inc. The announcement followed a
special election held by the Board after Frontier's annual shareholder's
meeting today. Browning has served on the Frontier Airlines Holdings, Inc.
Board since 1996 in various capacities including Chairman of the
Compensation Committee and as Chairman of the Audit Committee for the past
four years. Browning will take over his new role from long-time board chair
Sam Addoms who announced his retirement earlier this year.
Browning's experience in banking and finance is extensive. Browning
joined Colorado National bank in 1966 and became President and CEO from
1985 until 1992 when it was acquired by US Bank. At the time of the
acquisition, Colorado National Bank was the second largest bank holding
company in the state of Colorado.
Concurrent with his tenure at Colorado National, Browning also served
as President of Rocky Mountain Bank Card Systems and as founder and
President of Plus System. A subsidiary of Colorado National Bank, Rocky
Mountain Bank Card Systems was founded in 1969 and processed credit card
transactions for over 600 banks in the Western US. Browning founded Plus
System, an international shared ATM network, in 1982 and was integrated
into Visa International in 1993. Browning then spent the following two
years with Visa International as a senior consultant working on the
development of debit card products for Asia and Europe.
Following his tenure with Visa International, Browning became the CEO
of corporate credit card transaction processing company, Procard. Procard,
an early pioneer in the move to online transaction processing and tracking,
offered corporations the ability to track and view online purchases made by
employees with corporate credit cards. As president and CEO of Procard,
Browning partnered the Company with Synovis in 2000, and remained president
and CEO of Procard for the next two years.
"It would be very difficult to find a more strategic and financially
intuitive leader for this board, and for Frontier, than Dale Browning,"
said Addoms. "Dale knows this Company well and has been with Frontier from
the very early stages of its growth, guiding it with aptitude and insight
that has been invaluable. While I will certainly miss my involvement with
the tremendous group of leaders on the Board, I am completely confident
that I am leaving them and Frontier in the very best hands possible as the
Company moves forward with its next phase of strategic growth."
"There is no contention that Sam Addoms is a hard act to follow," added
Browning. "However, the greatest compliment I can pay him is that he has
left me with a board that is talented, diverse, engaged and strategic. Most
importantly, the board and I are truly optimistic about the future of this
company, particularly in light of the numerous strategic initiatives we are
currently undertaking. I am honored to serve as the Chairman of the Board,
and I am confident that with the road map the talented management of this
Company has laid out before us, together we can lead this Company to
profitability and ultimately to sustained success."
About Frontier Airlines Holdings, Inc.
Frontier Airlines Holdings, Inc. is the parent company of Denver-based
Frontier Airlines. Currently in its 14th year of operations, Frontier
Airlines is the second-largest jet service carrier at Denver International
Airport, employing approximately 5,600 aviation professionals. With 60
aircraft and one of the youngest Airbus fleets in North America, Frontier
offers 24 channels of DIRECTV(R) service in every seatback along with 33
inches of legroom in an all coach configuration. In conjunction with its
regional jet fleet, operated by Horizon and Republic Airlines, Frontier
offers routes linking its Denver hub to 58 destinations including 49 U.S.
cities in 30 states spanning the nation from coast to coast, seven cities
in Mexico and two cities in Canada. In November 2006, Frontier and AirTran
announced a first-of-its-kind integrated marketing partnership that offers
travelers the ability to reach more than 80 destinations across four
countries with low fares, aboard two of the youngest fleets in the
industry. In December 2006, Frontier was designated "Best Low Cost Carrier"
in the U.S. by the readers of Business Traveler magazine. Frontier's
maintenance department has received the Federal Aviation Administration
(FAA) Diamond Award recognizing its advanced training standards for eight
consecutive years, from 1999 to 2006. For more in-depth information on
Frontier Airlines, please visit its Web site at
http://www.frontierairlines.com/.
SOURCE Frontier Airlines
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