Shares in Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) tumbled Monday, as the company, one of the nation’s largest aerial firefighting companies, today announced the appointment of Sam Davis as president and chief executive officer. Davis has been serving as interim CEO since July 2024, when former CEO Timothy P. Sheehy resigned to run for the U.S. Senate in the State of Montana.
“The Board is thrilled for Sam to officially step into the position of Chief Executive Officer,” stated Jeffrey Kelter, Executive Chairman. “His appointment is testament to the valuable contributions he has made during the past eight months and the trusted relationships he continues to cultivate with employees and customers. Under Sam’s leadership, Bridger has achieved significant milestones including strong top-line growth, substantial increase in Adjusted EBITDA and positive cash flow for the year. His stellar performance over what has been a seamless transition period has cemented our confidence that he is the right person to execute Bridger’s vision.”
The 41-year-old Davis joined Bridger Aerospace in 2019 as Controller and, prior to being named Interim CEO, served as Chief of Staff. Davis played a pivotal role in guiding the Company through its transition to a public company throughout its various stages of expansion. He has been integral in facilitating revenue growth, implementing operational efficiency, and executing strategic initiatives to expand Bridger’s services and global footprint. Prior to Bridger, Davis spent four years at Oracle, Inc. and before that at Meltwater and Natus Medical, Inc.
BAER shares fell back 24 cents, or 13.4%, to $1.59.
