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Posted 07 December, 2023

Volato Group, Inc. appointed new CEO

CEO Change detected for ticker NYSE:PACI in a 8-K filed on 07 December, 2023.


  On the Closing Date, in connection with the Closing, each of John C. Backus, Jr., Chief Executive Officer and a director, Steven P. Mullins, Chief Financial Officer, and Michael Zarlenga, General Counsel and Secretary, resigned.  

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Overview of Volato Group, Inc.
Business/Consumer Services • General Services
Volato Group, Inc. is an aviation company, which engages in the provision of aircraft products and other services. The company was founded on January 7, 2021 and is headquartered in Chamblee, GA.
Market Cap
$119M
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Volato Group, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


In addition to the below, the disclosure set forth in the sections entitled "Corporate Governance" and "Certain Relationships and Related Party Transactions" in Item 2.01 of this Report is incorporated herein by reference.


On the Closing Date, in connection with the Closing, each of John C. Backus, Jr., Chief Executive Officer and a director, Steven P. Mullins, Chief Financial Officer, and Michael Zarlenga, General Counsel and Secretary, resigned. On the Closing Date, in connection with the Closing, Peter Harrison, Coleman Andrews, Mark Lerdal, and Lisa Suennen, each a member of the board of directors, resigned.


Information with respect to employment agreements with officers of Volato Group is set forth in the section entitled "Employment Agreements" in Item 1.01and that information is incorporated herein by reference.


Information with respect to Volato Group's 2023 Stock Incentive Plan is described in the Proxy Statement in the section entitled "Stock Incentive Plan Proposal" beginning on page 99 and that information is incorporated herein by reference.