SEATTLE, Jan. 6, 2020 /PRNewswire/ -- Alaska Air
Group announced today that Brandon
Pedersen, Chief Financial Officer since 2010, plans to
retire on March 2. Shane Tackett, currently Alaska's executive vice president of planning
and strategy will succeed Pedersen, focusing on execution of the
company's business model for continued long-term growth and value
for guests, employees, owners and communities.
"Brandon has done an extraordinary job as Alaska's CFO," said Brad Tilden, chairman and CEO of Alaska Air
Group. "Brandon has excelled in his work with analysts and
investors, clearly articulating industry issues and Alaska's plans for creating long-term growth
and value. He will be deeply missed by all of us. We thank him
for his fantastic service to Alaska, and wish him and his wife, Janet, the
very best in their future."
Pedersen is a life-long Seattle
resident. After serving as Alaska's outside auditor for 11 years, he
joined Alaska in 2003 as vice
president of finance and controller and was promoted to CFO in
May 2010. During his tenure as CFO,
Alaska acquired Virgin America
Inc., fortified its balance sheet, and initiated a dividend that
has grown every year since 2013. The Puget Sound Business
Journal named Pedersen as its "CFO of the Year" in
2015 for public companies with more than one
billion dollars in revenue and he was recognized every year
since 2012 as one of the top airline CFOs in Institutional Investor
Magazine's annual "All-America Executive Team" rankings. He is a
graduate of the University of
Washington, where he continues to teach and be actively
involved.
Tackett joined Alaska in 2000
and has led in many capacities across the company. In 2010, Tackett
became vice president of labor relations at Alaska Airlines,
building and leading the company's relationship with its five
unions and ultimately negotiating six, long-term labor agreements.
In 2015, he became responsible for the revenue management and
e-commerce functions for Alaska
and managed relationships with key commercial technology partners.
He was promoted to executive vice president of planning and
strategy in 2018, once again leading Alaska's labor relations team, which he will
continue to lead as CFO.
"We're extremely lucky to have someone of Shane's caliber who's
ready to succeed Brandon," said Tilden. "Shane has been with
Alaska for nearly 20 years. He has
led a wide array of divisions, including financial planning and
analysis, e-commerce, revenue management and labor relations. He
has a tremendous understanding of the underlying algebra of our
business, but perhaps most importantly, of how we work from a
people perspective. All of us are very excited to welcome him as
our CFO, and we look forward to seeing the impact he makes in this
role."
Tackett attended Pacific Lutheran
University near Tacoma,
Washington, where he majored in business administration with
a concentration in finance. He also holds an MBA from the
University of Washington's Foster School of Business. Tackett serves
on the board of trustees of Make-A-Wish of Washington and Alaska.
Alaska Airlines and its regional partners fly 46 million guests
a year to more than 115 destinations with an average of 1,300 daily
flights across the United States
and to Mexico, Canada and Costa
Rica. With Alaska and
Alaska Global Partners, guests can earn and redeem miles on flights
to more than 800 destinations worldwide. Alaska Airlines ranked
"Highest in Customer Satisfaction Among Traditional Carriers
in North America" in the J.D. Power North America Airline
Satisfaction Study for 12 consecutive years from 2008 to 2019.
Learn about Alaska's award-winning
service at newsroom.alaskaair.com and blog.alaskaair.com. Alaska
Airlines and Horizon Air are subsidiaries of Alaska Air Group
(NYSE: ALK).
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SOURCE Alaska Air Group
