Management ChangeJun 17, 2026, 05:21 PM
Republic Airways Appoints Matthew Koscal as CEO & Director
AI Summary
Republic Airways Holdings Inc. announced the appointment of Matthew J. Koscal as a director and its new President and Chief Executive Officer, effective June 15, 2026, as part of its CEO succession plan. Concurrently, David Grizzle transitioned from his transitional CEO role back to non-executive Chairman of the Board and rejoined the Corporate Governance Committee, receiving an accelerated compensation payout totaling $3,695,156 in cash and 311,802 shares. Additionally, Joseph P. Allman and Paul K. Kinstedt were promoted to Executive Vice President, each receiving an additional equity award valued at $500,000.
Key Highlights
- Matthew J. Koscal appointed as Director and President & CEO, effective June 15, 2026.
- Board of Directors increased to seven members.
- David Grizzle transitioned from CEO to non-executive Chairman of the Board.
- Mr. Grizzle received an accelerated cash payout of $3,695,156.
- Mr. Grizzle received 311,802 shares of common stock.
- Joseph P. Allman and Paul K. Kinstedt promoted to Executive Vice President.
- Each EVP received an additional equity award valued at $500,000.
- Awards for EVPs include 12,557 restricted stock units and 12,557 performance stock units each.
Price Impact
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