Maurice J.
Gallagher to transition to Executive Chairman
LAS
VEGAS, July 18, 2024 /PRNewswire/ -- Allegiant
Travel Company (NASDAQ: ALGT) announced today that Gregory C. Anderson has been named CEO and
President of the Company succeeding Maurice
J. Gallagher, who will be retiring from that role effective
September 1. Gallagher will continue
to serve the Company as Executive Chairman of the Board. Anderson
will join the Board at that time.
"On behalf of the board of directors, I'm thrilled to announce
Greg as Allegiant's CEO," Gallagher said. "After working closely
with him for the past 15 years, I have first-hand knowledge of his
phenomenal leadership skills, business acumen, industry knowledge
and work ethic that make him well-prepared to take on these added
responsibilities. He's incredibly well-respected within the Company
and throughout the industry. In many ways, he's already doing the
job. It's time to make it official. Our ability to internally grow
talent such as Greg and his team is a core strength of our
company."
Anderson joined Allegiant in 2010 and steadily rose through the
management ranks. He has held several leadership positions during
his tenure, including previously serving as chief financial officer
and was instrumental in steering the Company through the pandemic,
one of the most financially challenging times in the history of the
airline industry.
Under his current role as president, Anderson has continued to
lead the team to a position as one of the top airlines in the
industry, excelling in financial and operational performance along
with customer satisfaction. The company has received numerous
industry accolades for performance and customer experience.
Prior to joining Allegiant, Anderson worked for U.S.
Airways and Ernst and Young, where his primary focus was the
commercial aviation sector.
"I'm honored and humbled to serve as Allegiant's next CEO,"
Anderson said. "I've had the great fortune to be mentored over many
years by one of the most respected innovators and CEOs in the
airline industry, Maury Gallagher.
He has shown me the importance of thinking like an owner and how
our team members are the foundation of our success. Each day, they
bring their best to the table, turning challenges into
opportunities. As CEO, I look forward to extending Allegiant's
success and serving with the same level of passion and dedication
they bring to become better every day."
Under Gallagher's leadership, Allegiant adopted a unique
business model that has differentiated itself in the U.S.
aviation market, offering leisure consumers nonstop flights at
industry-low fares.
"As Allegiant's founder, largest individual shareholder and CEO
for nearly 25 years, I have as much interest as anyone in the
future of this amazing Company," Gallagher said. "I have complete
confidence with Greg at the helm and I know he will continue to
build on our success."
About Allegiant Travel Company
Las Vegas-based Allegiant
(NASDAQ: ALGT) is an integrated travel company with an airline at
its heart, focused on connecting customers with the people, places
and experiences that matter most. Since 1999, Allegiant Air has
linked travelers in small-to-medium cities to world-class vacation
destinations with all-nonstop flights and industry-low average
fares. Today, Allegiant serves communities across the nation, with
base airfares less than half the cost of the average domestic
roundtrip ticket. For more information, visit us at
Allegiant.com.
Media Contact Phone: 702-800-2020 Email:
mediarelations@allegiantair.com.
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SOURCE Allegiant Travel Company