Frontier Group Holdings (NASDAQ: ULCC) stock tumbled 10.9% through 10::10 a.m. ET Tuesday after announcing a change in leadership. Effective immediately, CEO Barry L. Biffle will no longer be CEO (although he'll remain with the company "in an advisory capacity" through the end of the year).

Company president James G. Dempsey will take over as interim CEO in his stead.

Image source: Frontier Airlines.

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Source Fool.com