DFW Airport Board Chair To Appoint CEO Search Working Group
DFW AIRPORT, Texas
Jan. 10, 2013
/PRNewswire-USNewswire/ -- Dallas/
(DFW) International Airport Chief Executive Officer
announced his plans to retire after serving 28 years with
, the last 19 years as its CEO. Fegan made the announcement to the
Board of Directors today at the monthly meeting of the Board.
Fegan's announcement comes as DFW has completed the best two years in the Airport's history. DFW is the highest capacity and fourth-busiest airport in the world with seven runways, five terminals, 175 gates and a seven-year,
Terminal Renewal and Improvement Program (TRIP) well underway to modernize DFW's older terminals.
"The strategy is in place, the course set, and momentum is strong to achieve results which will carry
into the future," said
, Chief Executive Officer,
. "DFW is cost competitive and financially strong. The next five years and beyond will be even more exciting for DFW and the region. This seems to be the right time to pass the baton to the next generation of leadership.
"The last 28 years have been extraordinary and my career at DFW has been incredibly rewarding. I am very proud to have served DFW for nearly three decades and now am ready to pursue other career and personal interests. My heartfelt thanks go to the Board of Directors, everyone in the
organization, and all other partners for their support throughout the years. It's been an honor and privilege to serve such a dynamic, professional, and high impact organization."
"Under Jeff's leadership,
has achieved distinction as one of the best airports in the world," said
(DFW) International Airport Board of Directors. "He is known internationally as one of the world's leading authorities in airport planning, management, and commercialization. DFW has achieved prominence in large part due to his innovative vision and inclusive, thoughtful leadership."
Chairman Hsueh will appoint an ad hoc working group, the CEO Search Working Group, to identify the process for finding a successor. Fegan will continue his responsibilities to
September 1, 2013
, or until a successor is in place, and will assist as requested by the Board in transition activities.
Since taking the helm as one of the youngest airport CEOs in the country in 1994 at age 39, Fegan oversaw the growth and development of the 18,000 acre
per year enterprise to one with over
a year in revenues. His leadership was instrumental in supporting American Airlines' growth and development at DFW. Today DFW is not only the largest hub for American Airlines, but the largest hub for the 12 airline member
world Alliance. Fegan also worked to bring competitive air service to DFW, including most recently, Qantas, Emirates, AeroMexico, Cayman Airways, Virgin America, Spirit and Jet Blue, expanding direct destinations and options for travelers.
"Under Jeff's leadership, the strategy and plans are in place that will take us through the next five years," said
. "Following the best two years in
's history, it seems a great time for Jeff to choose this time to help DFW transition to the next leader. DFW has gained from Jeff's broad expertise on many fronts. He is a steadfast champion of diversity and inclusion, and has truly advanced
as the economic engine of the region. Over the last two years in particular, he has successfully expanded international service, bringing new international air carriers to DFW with routes to
with Qantas and to the
with Emirates – each bringing year-over-year economic impact of over
to the citizens of
and the region.
will miss Jeff, but he has put in place a strong and capable leadership team regarded as the best in the airport industry."
on a remarkable career at
. As the largest hub for American Airlines,
increased international destinations from 24 in 1994 to 50 today, increased domestic destinations from 113 to 148, and we now have more than 50 international air cargo departures each week to 16 cargo hubs worldwide.
served 58 million passengers last year alone as the gateway to
. "Add this tremendous growth to
's consistent rating among the top five airports in the world for customer service, and the result of Jeff's leadership is unmistakable. Jeff has enjoyed a long and distinguished run at the Airport, and he has led a management team that achieved worldwide acclaim for
and all of the communities of
. We'll miss Jeff, but wish him the very best in his retirement."
During his tenure, Fegan led the development and implementation of DFW's first Strategic Plan and the Airport's Master Plan, and he worked closely with stakeholders to address community concerns related to airport expansion. He successfully led the Airport through multiple economic downturns, waves of airline industry restructuring and consolidation, and the challenges for DFW following the tragedy of
September 11, 2001
Under Fegan's leadership, DFW expanded airfield capacity. The seventh runway (17 Left 35 Right) was built, and DFW's four primary north-south runways were extended by 2000 feet each to ensure DFW readiness into the future for next generation long-haul aircraft. The innovative southeast perimeter taxiway was also built allowing aircraft to land and proceed directly to their gates without having to cross an active runway.