Alaska Air CEO retiring; insider replacement
02-16-2012, 06:59 AM
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Alaska Air CEO retiring; insider replacement
From Seattle Times:
SEATTLE — The CEO of Alaska Air Group Inc., which runs Alaska Airlines and Horizon Air, is retiring on May 15.
The Seattle company said Thursday that Bill Ayer, who has been at Alaska for 30 years and CEO for a decade, will be replaced by Alaska Airlines president Brad Tilden. Tilden, 51, joined Alaska Airlines in 1991. He was promoted to his current role in 2008. He will keep that role when he becomes CEO.
Ayer, 57, will remain chairman of the Air Group's board. He will also join a committee of industry leaders who are working with the FAA to modernize the nation's air traffic control system.
Alaska is the nation's seventh-largest airline. It has 9,500 employees and a fleet of 119 aircraft.
Business & Technology | Alaska Air CEO retiring; insider to replace him | Seattle Times Newspaper
SEATTLE — The CEO of Alaska Air Group Inc., which runs Alaska Airlines and Horizon Air, is retiring on May 15.
The Seattle company said Thursday that Bill Ayer, who has been at Alaska for 30 years and CEO for a decade, will be replaced by Alaska Airlines president Brad Tilden. Tilden, 51, joined Alaska Airlines in 1991. He was promoted to his current role in 2008. He will keep that role when he becomes CEO.
Ayer, 57, will remain chairman of the Air Group's board. He will also join a committee of industry leaders who are working with the FAA to modernize the nation's air traffic control system.
Alaska is the nation's seventh-largest airline. It has 9,500 employees and a fleet of 119 aircraft.
Business & Technology | Alaska Air CEO retiring; insider to replace him | Seattle Times Newspaper
02-16-2012, 07:32 AM
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02-16-2012, 07:40 AM
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Originally Posted by acl65pilot
Interesting. A stock split on the same day they announce his retirement.......
The split doesn't make a buyout or merger any more likely does it? It's not like it makes us cheaper, it just takes half as many DAL shares for each ALK share.
02-16-2012, 07:43 AM
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Boy, that stock split will be one heck of a payout with his stock option plan.
It appears that by promoting from within, Alaska is still intent on remaining a standalone carrier. Hopefully they can remain out of the merger mania, because a merger with a larger carrier at this point would probably just destroy what they have worked hard to build.
It appears that by promoting from within, Alaska is still intent on remaining a standalone carrier. Hopefully they can remain out of the merger mania, because a merger with a larger carrier at this point would probably just destroy what they have worked hard to build.
02-16-2012, 07:47 AM
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Originally Posted by cesnacaptn
acl, I know you read between the lines. Is there something cryptic with announcing both on the same day? The split happens early next month and Brad take the reigns in May. Is there some sort of correlation?
The split doesn't make a buyout or merger any more likely does it? It's not like it makes us cheaper, it just takes half as many DAL shares for each ALK share.
The split doesn't make a buyout or merger any more likely does it? It's not like it makes us cheaper, it just takes half as many DAL shares for each ALK share.
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