Transat AT’s chief financial offer Patrick Bui is leaving the company to pursue another career opportunity. The move will take effect on Dec. 15 and Transat says it has started a formal search for a replacement.

Bui has taken the position as chief financial officer at Dollarama Inc. and is expected to remain in his role through the announcement of Transat’s results for its financial year ending Oct. 31 to help ensure a smooth transition.

“On behalf of the Board of Directors and the Senior Management Team, I would like to thank Patrick for his dedication which contributed to Transat’s significant financial performance improvement, as we recently reported record profitability for a third quarter and raised our adjusted EBITDA margin target in the last two quarters,” said Annick Guérard, President and Chief Executive Officer of Transat. “We wish him every success in his future endeavors.”

“I am proud to have served Transat as CFO and to have supported its teams in the execution of its strategic plan, enabling the Company to solidify its financial foundation and emerge from the pandemic as a far more resilient business,” said Bui.