Industry veteran Michael Scott has joined the WestJet Group as Executive Vice-President and Chief Financial Officer effective June 13, 2023. With expertise in asset and capital management, investor relations and M&A realization, Mike will oversee all financial management of the WestJet Group. This includes Accounting and Financial Reporting, Planning and Analysis, Treasury, Tax, Procurement, Supply Chain, Real Estate and Payment Services teams.
“Mike brings a wealth of financial leadership experience and a notable track record to our organization," said Alexis von Hoensbroech, Chief Executive Officer, WestJet Group. "We are a year into successfully executing on the WestJet Group's strategy to resume a long-standing track record of profitability, as we get back to our low-cost roots in service of safe, reliable and affordable travel for Canadians. We are thrilled to welcome Mike at this pivotal time, as we continue our next exciting growth chapter at the WestJet Group."
Prior to joining WestJet, Scott was the Chief Financial Officer and Treasurer with StandardAero for 13 years.
There he led tremendous growth with revenue increases of more than 300%, while delivering a 400% increase in profitability through a combination of organic growth, cost management and synergistic mergers and acquisitions (M&A). Prior, he held a variety of senior level roles across the organization.
In addition, throughout his tenure as CFO, Mike successfully worked with three different private equity sponsors.
“Through its remarkable position as Canada's leading vacation carrier and home airline to Western Canada, the WestJet Group is in a unique position to successfully grow its business and bring more accessible air travel to Canadians than ever before,” commented Scott.
Jenn Bue who has been serving as interim CFO of the WestJet Group for the last five months will now transition to the role of Senior Vice President, Finance & Deputy Chief Financial Officer reporting directly to Scott.