Spirit Airlines Incorporated (NASDAQ:SAVE) announced that its shareholders have elected Dawn M. Zier as its newest board member, effective June 16, 2015.
“We are looking forward to Dawn Zier becoming a member of our board,” said Spirit’s Chairman of the Board, Mac Gardner. “With Dawn’s demonstrated leadership and consumer marketing expertise we will add an experienced voice to help best position Spirit’s Bare Fare™ plus Frill Control™ model as we continue to implement our growth strategy.”
“I am impressed with the strategy that the management team has articulated to drive growth in this category,” said Ms. Zier. “I’m looking forward to partnering with President & CEO Ben Baldanza and the rest of the Board.”
Since November 2012, Ms. Zier has served as President and Chief Executive Officer of Nutrisystem Inc., a leading commercial provider of weight loss products and services, and as a member of its board of directors. She has led the turnaround of Nutrisystem by successfully changing the trajectory of the business and delivering customer and shareholder value with seven consecutive quarters of year-over-year growth. An engineer by education, Ms. Zier has spent most of her career in marketing, keeping her finger on the pulse of global consumers. Before joining Nutrisystem, Ms. Zier spent 20 years at Reader’s Digest Association, a global media and direct marketing company, serving in a range of leadership positions, most recently as president of the company’s international business. Before joining RDA, Ms. Zier held positions at AT&T, Chase Manhattan Bank, and Prodigy Services Corporation. She has an MBA from the MIT Sloan School of Management as well as a Master’s of Science degree in Electrical Engineering and Computer Science from MIT. She received her Bachelor’s of Engineering degree in Electrical Engineering and Computer Science from the State University of New York at Stony Brook. (Original Source)
Shares of Spirit Airlines opened today at $62.73 and are currently trading down at $62.44. SAVE has a 1-year high of $85.35 and a 1-year low of $52.75. The stock’s 50-day moving average is $65.02 and its 200-day moving average is $73.44.
On the ratings front, Spirit Airlines has been the subject of a number of recent research reports. In a report released yesterday, Credit Suisse analyst Julie Yates downgraded SAVE to Hold, with a price target of $69, which implies an upside of 10.0% from current levels. Separately, on the same day, Barclays’ David Fintzen maintained a Buy rating on the stock and has a price target of $98.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Julie Yates and David Fintzen have a total average return of 3.0% and 22.1% respectively. Yates has a success rate of 40.7% and is ranked #1871 out of 3635 analysts, while Fintzen has a success rate of 58.7% and is ranked #187.
Spirit Airlines Inc is an airline based in Miramar, Florida. The Company’s all-Airbus fleet currently operates more than 300 daily flights to over 56 destinations in the United States, Caribbean and Latin America.