Mooney CEO Gretchen Jahn Steps Down

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Mooney Aerospace Group announced on Tuesday that CEO Gretchen Jahn is leaving to pursue other opportunities. Jahn's resignation will be effective Oct. 1, but she will remain with the company as an advisor to oversee the (235-plus knot turbo) Acclaim certification. Jahn led during a dynamic time for Mooney, when exciting new products hit the market and the company rebounded from a period of change and upheaval. "I have a passion for getting companies up and running. It has been exciting to participate in this process at Mooney," Jahn said in a news release. "We have accomplished many goals over my two years here, including increasing deliveries from 36 deliveries in 2004 to 85 deliveries in 2005, dramatically increasing brand recognition and order backlog, revitalizing customer support, and introducing two new aircraft." In April, the company unveiled the turbo-normalized Acclaim, which has a maximum cruise speed of 237 knots. Less than 60 days later, Mooney also announced the Ovation3, a 310-horsepower variant of its popular M20 design that Mooney says is the fastest in its class. "Gretchen has made a significant contribution to Mooney's revitalization and we wish her well," said Steven Karol, chairman of the board for Mooney Aerospace Group, Ltd.