Spirit Airlines Announces Executive Leadership Updates

Aviation industry veteran Fred Cromer named CFO

Dana Shapir Alviene is named Senior Vice President, In-Flight and Airport Experience, and Tomas Ranaldi is promoted to Vice President, Financial Planning and Analysis

DANIA BEACH, Fla., July 1, 2024 – Spirit Airlines (NYSE: SAVE) today announced executive leadership updates, including the appointment of Fred Cromer as executive vice president and chief financial officer, effective July 8, 2024. Cromer will work closely with the company’s interim chief financial officer, Brian McMenamy, who will remain in a financial leadership role with the company to ensure a smooth transition.

Mr. Cromer has three decades of experience in the aviation industry, with expertise in financial management, strategic planning, treasury and operations. Mr. Cromer has held numerous leadership positions throughout his career, most recently as President and CEO, and previously CFO, of Xwing, Inc., a fast-growing aviation technology company pioneering the development of the world’s first autonomous regional freighter. Prior to joining Xwing, Mr. Cromer served as President of Bombardier Commercial Aircraft from 2015 to 2020, President of International Lease Finance Corporation from 2008 to 2015, and CFO and Vice President of ExpressJet Airlines from 1998 to 2008. Mr. Cromer holds an AB degree in Economics from the University of Michigan and an MBA in Finance from DePaul University.

“Fred’s long career in aviation and proven track record of strategic financial leadership across all aspects of the industry bring valuable insights and expertise that will help us successfully evolve our business model as we navigate the changing demand environment,” said Ted Christie, Spirit’s President and CEO. “Fred has significant experience leading businesses through periods of substantial growth and transformation, and we are very pleased to welcome someone of Fred’s caliber as we continue to execute Spirit’s transformation strategy.”

“I am thrilled to be joining Spirit at such a pivotal time for the company and the industry,” said Cromer. “I look forward to working alongside Ted and the rest of the Spirit team to help drive continuous improvement and build a sustainable and successful business.”

Spirit is pleased to announce additional significant leadership updates:

Dana Shapir Alviene has been named senior vice president, inflight and airport experience, effective July 29, 2024. Shapir Alviene joins Spirit from Avianca as senior vice president, customer experience. Prior to Avianca, she held several leadership roles at JetBlue Airways from 2014 to 2023, including vice president, airport experience. She began her aviation career at Southwest Airlines, where she held key operations, customer service and leadership roles. Shapir Alviene’s extensive operational and customer expertise will enhance Spirit’s customer experience and strengthen collaboration between its airport and inflight experience teams.

Tomas Ranaldi has been promoted to Vice President, Financial Planning and Analysis, effective immediately. Ranaldi has been a valued member of the Spirit team since 2015, excelling in various roles within the Finance department.
Christie added: “We are delighted to welcome Dana to the Spirit family and to appoint Tomas to his new role. I would also like to thank Brian for stepping into the role of interim CFO and continuing to work with us going forward. He is an invaluable part of the Spirit team, and his experience and knowledge of Spirit will help ensure a smooth transition and provide thoughtful leadership to ongoing projects.”