Early Departure at JetBlue

Airline appoints new chief accounting officer.
Stephen TaubApril 19, 2007

JetBlue Airways announced that senior vice president, chief accounting officer, and controller Holly Nelson has resigned, effective April 24.

Nelson has been with the airline since 2001. The company did not offer a reason for her departure.

She will be succeeded by Edward Barnes, who was named vice president of finance and chief accounting officer. He joined JetBlue last October as vice president for cost management and financial analysis.

Barnes, who previously served as vice president and controller of JDA Software, has also held financial positions at Southwest Airlines and America West Airlines as well as Assisted Living Concepts and Pegasus Solutions.

JetBlue was heavily criticized for canceling a large number of flights over the busy President’s Day weekend, stranding thousands of fliers on and off the runway.

Earlier this week, George Soros, an early investor in JetBlue, disclosed in a regulatory filing that a number of entities he controls now own 11.5 percent of the airlines total shares outstanding. (JetBlue’s recent proxy stated that Soros himself owned 9.5 percent.) Soros made the announcement in a Schedule 13-G filing, indicating that he considers the investment to be passive.