Wheels Up Appoints Meaghan Wells as EVP of Enterprise Planning and Strategy

Rhea-AI Summary

Wheels Up Experience Inc. (NYSE: UP) has appointed Meaghan Wells as its new EVP of Enterprise Planning and Strategy. Wells will lead the development of the company's long-term growth strategy, focusing on enterprise planning, fleet and corporate strategy, corporate development, and commercial partnerships. Her expertise lies in driving growth and securing capital for rapidly scaling organizations.

Wells' background includes a notable tenure as Chief Investment Officer at Vista Global, where she led financing strategy, corporate finance, FP&A, and investor relations during a period of rapid profitable growth. CEO George Mattson expressed confidence in Wells' ability to contribute to Wheels Up's strategic mission of building a strong and resilient business model.

Wells is set to begin her role at Wheels Up on November 4, 2024. She joins the company as it continues to focus on profitable growth and operational excellence, building upon its recent operational improvements and strategic partnership with Delta Air Lines.

Positive

• Appointment of experienced industry professional Meaghan Wells as EVP of Enterprise Planning and Strategy
• Wells' expertise in driving growth and securing capital for rapidly scaling organizations
• Potential for immediate impact on company's success and long-term growth strategy
• Continued focus on profitable growth and operational excellence

Negative

• None.

News Market Reaction

-10.33%

1 alert

-10.33% News Effect

On the day this news was published, UP declined 10.33%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Wells to lead Wheels Up's enterprise planning, fleet and corporate strategy, corporate development and commercial partnerships, leveraging her years of industry experience

ATLANTA, Oct. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced Meaghan Wells as its new EVP of Enterprise Planning and Strategy, to lead the development of the company's long-term growth strategy and further cement Wheels Up's position as a leader in global aviation solutions.

Wells has a dynamic background and experience, specializing in driving growth and securing capital for rapidly scaling organizations. Her experience in strategic planning, corporate development, capital raising, investor relations and commercial partnerships has assisted in transforming businesses into leaders within their industries.

This was most notably seen in the private aviation sector during her career at Vista Global where, as Chief Investment Officer, she led the financing strategy, corporate finance, FP&A and investor relations functions during a phase of rapid profitable growth that also included multiple acquisitions.

"I'm delighted to add such a talented and experienced private aviation professional to our leadership team," said Wheels Up CEO George Mattson. "Meaghan's deep understanding of the industry, the competitive landscape and her experience in building a long-term plan that drives profitable growth will further our strategic mission to build a strong and resilient business model. As we continue to build the best team in the industry, we look forward to Meaghan joining the company and having an immediate impact on our success."

"Over the past year, Wheels Up has continued to lay the groundwork for the next phase in its journey by fortifying the business through continuous operational improvement and delivering simplified, accessible and flexible solutions across private and commercial aviation, including through its one-of-a-kind strategic partnership with Delta Air Lines," said Wells. "I'm thrilled to join Wheels Up, and look forward to working with leadership and the entire team to drive strategy and identify new opportunities as the company continues to focus on profitable growth while delivering operational excellence."

Wells is expected to officially begin her role at Wheels Up on November 4, 2024.

About Wheels Up
Wheels Up is a leading provider of on-demand private aviation in the U.S. and one of the largest companies in the industry. Wheels Up offers a complete global aviation solution with a large and diverse fleet and a global network of safety vetted charter operators, all backed by an uncompromising commitment to safety and service. Customers can access charter and membership programs, as well as unique commercial travel benefits through a one-of-a-kind, strategic partnership with Delta Air Lines. Wheels Up also offers freight, safety and security solutions and managed services to individuals, industry, government and civil organizations. 

Wheels Up is guided by the mission to deliver a premium solution for every customer journey. With the Wheels Up mobile app and website, members and customers have the digital convenience to search, book and fly.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of the control of Wheels Up Experience Inc. ("Wheels Up", or "we", "us", or "our"), that could cause actual results to differ materially from the results discussed in the forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding:  (i) the expected impact and timing of any new personnel or expected personnel transitions; and (ii) Wheels Up's ability to achieve positive Adjusted EBITDA (as defined in Wheels Up's Annual Report on Form 10-K for the year ended December 31, 2023 ("Annual Report") filed with the U.S. Securities and Exchange Commission (the "SEC") on March 7, 2024) pursuant to the schedule that its has announced or otherwise achieve our profitability goals. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. We have identified certain known material risk factors applicable to Wheels Up in our Annual Report filed with the SEC and our other filings with the SEC. Moreover, it is not always possible for us to predict how new risks and uncertainties that arise from time to time may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, we do not intend to update any of these forward-looking statements after the date of this press release.

Media Contact
press@wheelsup.com

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SOURCE Wheels Up

FAQ

Who is Meaghan Wells and what is her new role at Wheels Up (NYSE: UP)?

Meaghan Wells has been appointed as the new EVP of Enterprise Planning and Strategy at Wheels Up Experience Inc. (NYSE: UP). She will lead the development of the company's long-term growth strategy, focusing on enterprise planning, fleet and corporate strategy, corporate development, and commercial partnerships.

When will Meaghan Wells start her new position at Wheels Up (NYSE: UP)?

Meaghan Wells is expected to officially begin her role at Wheels Up (NYSE: UP) on November 4, 2024.

What is Meaghan Wells' background and experience in the aviation industry?

Meaghan Wells has a background in the private aviation sector, most notably as Chief Investment Officer at Vista Global. There, she led financing strategy, corporate finance, FP&A, and investor relations during a period of rapid profitable growth that included multiple acquisitions.

How does Wheels Up (NYSE: UP) plan to benefit from Meaghan Wells' appointment?

Wheels Up (NYSE: UP) expects to benefit from Meaghan Wells' deep understanding of the industry, competitive landscape, and experience in building long-term plans that drive profitable growth. Her expertise is expected to further the company's strategic mission of building a strong and resilient business model.