Guerin Elected Chairman of PSA’s Board
J. P. Guerin, 55, the largest single shareholder of San Diego-based PSA Inc., on Monday was elected chairman of the board of the parent corporation of Pacific Southwest Airlines, according to an airline spokesman.
Guerin owns about 80% of Pacific Partners and Mitchum Management Corp., two Los Angeles-based companies that in turn own 11% of PSA Inc.'s stock, a PSA spokesman said.
The position of chairman has been vacant since William R. Shimp died in May, 1984. Shimp joined the airline as a pilot in 1949, just two months after it was formed, and was elected chairman in 1979.
Also on Monday, PSA’s board promoted George M. Shortley to executive vice president. Shortley, 45, has served in several executive positions since joining the airline in 1968. PSA’s board also accepted the resignation of Frank A. Olson, chairman of Hertz Corp., who resigned after Hertz was acquired by UAL Inc., the parent of United Airlines.