📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

Wheels Up appoints Gregory Summe to board

EditorTanya Mishra
Published 08/08/2024, 08:14 AM
AVTR
-

Wheels Up Experience Inc. (NYSE: UP), a prominent on-demand private aviation company, yesterday welcomed Gregory L. Summe to its Board of Directors. Summe, the Managing Partner of Glen Capital Partners LLC, fills the vacancy left by David Adelman, who has stepped down to focus on other professional commitments.

Summe's appointment to the board took effect on Wednesday and is set to continue until the company's 2026 annual stockholders' meeting. His extensive background in strategic planning and governance is expected to contribute significantly to his roles on the Audit and Compensation Committees.

Adam Zirkin, Chairman of the Board, expressed enthusiasm over Summe's addition to the team, highlighting his strategic acumen and vast experience. Zirkin also extended gratitude to Adelman for his dedication to Wheels Up.

With a career spanning various leadership positions, Summe brings a wealth of experience to Wheels Up. He has served as Managing Director and Vice Chair of Global Buyout at The Carlyle Group (NASDAQ:CG) and was the CEO of PerkinElmer Inc (NYSE:RVTY).

His corporate directorship experience includes serving on the boards of State Street Corporation (NYSE: NYSE:STT), NXP Semiconductors NV (NASDAQ: NASDAQ:NXPI), Avantor Inc . (NYSE: NYSE:AVTR), and Grail, Inc. (NASDAQ: GRAL).

Summe's academic credentials include a Bachelor of Science and Master of Science in Electrical Engineering and an MBA from the Wharton School at the University of Pennsylvania. He is also recognized in the University of Kentucky's Hall of Distinction.

Wheels Up, known for its diverse fleet and safety-vetted charter operations, offers a comprehensive aviation solution encompassing charter and membership programs, commercial travel benefits through a partnership with Delta Air Lines (NYSE:DAL), and managed services for various clients.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.