Wheels Up Experience Inc. announced that the Board of Directors of the Company resolved to expand the number of directors on the Board from 11 to 12, and to appoint Daniel C. Janki to serve as a Class I member of the Board, effective as of August 15, 2023. As a Class I director, Mr. Janki will have an initial term as a director until the 2025 annual meeting of the Company?s stockholders and until his successor is duly elected and qualified. As described below, Mr. Janki was also appointed Chairman of the Board, effective as of the Effective Date.

The Company and Delta Air Lines Inc., the Company?s largest stockholder, determined that in furtherance of their strategic partnership, Mr. Janki should serve as a director of the Company based on his position as Delta?s Chief Financial Officer and his knowledge of the Company?s business and financial situation. Mr. Janki, age 55, currently serves as Executive Vice President and Chief Financial Officer of Delta, a position he has held since July 2021. Prior to joining Delta, Mr. Janki held a number of high-profile positions at General Electric Company, including as Senior Vice President of GE and Chief Executive Officer of GE Power Portfolio from October 2020 to July 2021, as Senior Vice President, Business and Portfolio Transformation of GE from 2018 to 2020, Senior Vice President, Treasurer and Global Business Operations of GE from 2014 to 2017, and Senior Vice President, CEO of GE Energy Management from 2012 to 2013.

Prior to that time, he held a wide variety of senior roles at GE Energy, GE Capital, GE Global Operations and GE Corporate. Mr. Janki graduated from The Ohio State University with degrees in Finance and Accounting. On August 15, 2023, in connection with the appointment of Mr. Janki to the Board, Mr. Thakran departed from his position as Executive Chairman of the Board and transitioned the role of Chairman to Mr. Janki, effective as of the Effective Date.

Mr. Thakran will remain a director on the Board. In connection with Mr. Thakran?s transition out of the Executive Chairman role, the Company and Mr. Thakran mutually agreed to terminate Mr. Thakran?s Executive Chairman Agreement, dated as of May 9, 2023, and Consulting Agreement, dated as of June 23, 2023, in each case with all benefits thereunder to cease by the end of August 2023.