Norwegian Cruise Line CEO and Stanford Distinguished Professor Join XOJET Board
XOJET Board Welcomes Norwegian Cruise Line CEO Kevin Sheehan and Stanford's George Parker
San Francisco – April 5, 2012 – XOJET, Inc., the leader in private aviation, today announced the addition of two prestigious new members to its board of directors. The two new XOJET board members are Kevin Sheehan, Chief Executive Officer and President of Norwegian Cruise Line, and George G.C. Parker, Dean Witter Distinguished Professor of Finance (Emeritus) and former Senior Associate Dean for Academic Affairs at the Stanford University Graduate School of Business (GSB). Dr. Parker and Mr. Sheehan bring exceptional experience and expertise that will contribute to XOJET's continued growth and expansion.
"We're pleased and privileged to welcome George Parker and Kevin Sheehan to the XOJET board of directors," said Blair LaCorte, Chief Executive Officer of XOJET. "Their collective expertise developing profitable corporate and financial business strategies for numerous premier public and private companies and nonprofit organizations will be a significant asset as XOJET continues to develop its innovative approach to business and to provide its customers an expanded suite of world-class services and products."
As a Professor of Finance at the Stanford University GSB, George Parker's teaching and research interests focus on corporate finance, management of financial institutions and corporate governance. He has served on the board of directors of numerous organizations, including Continental Airlines, and since 2003 has served as the faculty chairman of the Advisory Panel on Investment Responsibility for the Board of Trustees of Stanford University. Dr. Parker holds a B.A. from Haverford College and M.B.A. and Ph.D. degrees from Stanford School of Business. He received the 2003 Robert T. Davis Award for Faculty Lifetime Achievement at the Stanford Graduate School of Business and the 2007 Faculty Teaching Award for the Stanford MBA Program.
Drawing upon his extensive 30-year background in the business world, Kevin Sheehan joined Norwegian Cruise Line in 2008 and has led the turn around and revitalization of the company both nationally and internationally despite a tough economy. His impressive background includes helping found the second-largest Spanish-language television network, Telemundo. Previously, he served as the Chairman and CEO of Cendant Corporation's Vehicle Services Division, where he was responsible for major brands including Avis Rent A Car, Budget Rent A Car, Budget Truck, PHH Vehicle Management, First Fleet and Wright Express. While there, he integrated the Avis and Budget rental car brands into one network and also successfully completed a 100% initial public offering of Wright Express. Prior to joining Cendant Corporation, Sheehan served in leadership positions at STT Video Partners LLP and spent several years consulting to various private equity firms, while also lecturing at Adelphi University in New York as a Distinguished Visiting Professor of Accounting, Finance and Economics. In 2010 he was appointed Chairman of the Florida Caribbean Cruise Association's Executive Committee and serves on the Executive Committee of the Cruise Line Industry Association's (CLIA) board and on the board of Gatehouse Media (NYSE: "GHS"). He is a graduate of Hunter College, and New York University Graduate School of Business, and is a Certified Public Accountant.
XOJET, a TPG portfolio company founded in 2006, has become one of the fastest-growing private aviation companies in history, serving more than 5,000 customers worldwide. Our unique business model combines private jet membership, flexible programs and fixed-price charter with a singular focus on providing the highest level of customer service at every point in the client's experience. XOJET's commitment to safety leadership has earned the highest safety ratings in the industry: XOJET is the only business aviation provider to rank either #1 or #2 in all twelve ARG/US Platinum safety rating categories. In July 2010, XOJET became the first private aviation operator to enable its entire fleet with in-flight Wi-Fi Internet connectivity by equipping every Citation X and Challenger 300 jets—and the recently added Hawker 800XP jet, in its fleet. For more information, please visit www.xojet.com.