Mooney CEO Leaving "To Pursue Other Opportunities"
Mooney Airplane Co. Chief Executive Gretchen L. Jahn resigned her position yesterday, effective Oct. 1, formally saying only that she wished to pursue other opportunities. The Kerrville, Tex.-based company's board of directors immediately named Dennis Ferguson as her replacement. Perhaps reflecting on the fact that deliveries of Mooney aircraft under her management more than doubled from 2004 to 2005 -- from 36 to 85 -- Jahn said in a statement, "I have a passion for getting companies up and running. It has been exciting to participate in this process at Mooney." She will remain on staff as an adviser to the certification of Mooney's new Acclaim single-propeller aircraft, which it unveiled in April. The company bills it as the fastest single-piston-engine airplane on the market.
“Gretchen has made a significant contribution to Mooney’s revitalization and we wish her well,” said Steven E. Karol, chairman of the board for Mooney Aerospace Group, Ltd. Ferguson, her replacement, comes to Mooney after almost 10 years' service as president of Airshow Inc., an cabin entertainment products manufacturing company. Mooney Chairman Steve Karol added, "Dennis brings a strong background in the aviation industry and experience in transitioning a small, entrepreneurial company into a significant force in the marketplace. Mooney is ready to take the next step in its revitalization, having improved its market share, operational efficiencies and brand recognition over the past three years."