Republic Airways Holdings Inc.'s chief financial officer is leaving the company to pursue other interests, the Indianapolis-based company announced Wednesday.
Timothy Dooley, who's been with Republic for 17 years, including the last four as CFO, will step down Sept. 1.
“Tim has been a valuable part of the senior leadership team and will be missed,” Bryan Bedford, Republic's CEO, chairman and president, said in a written statement. “In a turbulent industry, Tim has been a consistent, strong leader during his 17 years at Republic.”
Dooley joined the company in 1998 as manager of financial planning and analysis.
“It’s never an easy decision to move on after 17 years, but I feel confident making that decision knowing that I am leaving behind such a capable and dedicated leadership team,” Dooley said in a written statement.
Joe Allman, vice president of finance and treasurer since 2012, was promoted to senior vice president and CFO. Allman joined Republic in 2007 and previously served as vice president and corporate controller.
Jason Secore, managing director of treasury and corporate development, will succeed Allman.
Republic said Dooley "will continue to be available to the company to assist in the completion of several projects through the end of 2015 and to ensure a smooth leadership transition process."
Republic, which owns Republic Airlines and Shuttle America, operates a combined fleet of about 240 aircraft that offer about 1,250 flights daily to about 100 cities.
The company is in the midst of a labor dispute with pilots. On July 27, its shares plummeted 55 percent after the firm slashed its profit outlook and predicted more flight interruptions due to the dispute. Shares rebounded later in the week but have since fallen back to $4.50 per share.