Pinnacle Airlines chief announces retirement

Philip Trenary, the CEO who guided Pinnacle Airlines Corp. through two acquisitions and created a $1 billion regional powerhouse, announced Monday he will resign his post on March 24. Through its three divisions, Pinnacle operates regional flights for Delta, United and US Airways. "[T]he goals I laid out when I joined Pinnacle Airlines have been achieved," Trenary said in an e-mail to the company's 7,700 employees on Monday. Trenary will remain at Pinnacle as a consultant for one year, and board Chairman Donald Breeding will serve as interim CEO until a permanent replacement is found.

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