Company Watch - Alaska Airlines.
Alaska Air Group CEO announces his retirement. Alaska Air Group CEO Bill Ayer has announced that he plans to retire May 15. Ayer, 57, will continue to serve as the chairman of the board for the parent company of Alaska Airlines and Horizon Air. Brad Tilden, president of Alaska Airlines, will succeed Ayer as CEO. Feb 17, 2012
Alaska Air Group CEO announces his retirement. Alaska Air Group CEO Bill Ayer has announced that he plans to retire May 15. Ayer, 57, will continue to serve as the chairman of the board for the parent company of Alaska Airlines and Horizon Air. Brad Tilden, president of Alaska Airlines, will succeed Ayer as CEO. Feb 16, 2012
Alaska Air Group Declares Two-for-One Stock Split. Alaska Air Group announced today that its board of directors has declared a two-for-one stock split to be effected in the form of a stock dividend. The additional shares will be distributed on March 16, 2012, to shareholders of record on March 2, 2012. The stock split will increase Alaska Air Group's outstanding shares from approximately 35.5 million shares to about 71 million shares. Alaska Air Group's board of directors also has approved a stock repurchase program authorizing the company to buy up to $50 million of its common stock over the next year. The company intends to finance the stock repurchases with cash on hand. The repurchase program authorizes Air Group to buy its common stock from time to time through open market purchases, negotiated transactions or other means, including accelerated share repurchases and 10b5-1 trading plans in accordance with applicable securities laws. Alaska Air Group has repurchased 8.3 million shares of its common stock for nearly $262 million through similar programs over the past five years. Feb 16, 2012
Bill Ayer Retiring as CEO of Alaska Air Group. The Alaska Air Group board of directors and Bill Ayer, chairman and chief executive officer, announced today that Ayer will retire as CEO of Air Group and its subsidiary carriers, Alaska Airlines and Horizon Air, effective at the company's annual shareholder meeting on May 15. Brad Tilden, a 21-year veteran at Air Group, will succeed Ayer as CEO of Air Group and the company's two airlines and will remain as president of Alaska Airlines. Ayer will continue to serve as chairman of the board. Ayer, 57, has spent three decades at Air Group, including 10 years as CEO. In addition to serving as chairman of Air Group and its subsidiary boards, he will participate as a member of the NextGen Advisory Committee, a panel of aviation industry leaders who are working with the FAA to modernize the nation's air traffic control system and improve airport and airspace efficiency. Tilden, who is 51, joined Alaska Airlines from Price Waterhouse in 1991. He was promoted to Air Group's chief financial officer in 2000, to executive vice president [ETH] planning and finance in 2007, and to president of Alaska Airlines in 2008. As president, Tilden has overseen the nation's seventh-largest airline, with 9,500 employees and 119 aircraft serving 61 destinations across the continental United States and in Alaska, Hawaii, Canada and Mexico. In addition to serving on the Alaska Air Group board, Tilden is a director of Flow International Corp., Pacific Lutheran University and the Chief Seattle Council of the Boy Scouts of America (where he will serve as council president beginning in March). He earned a bachelor's degree in business administration from Pacific Lutheran University and an MBA from the University of Washington and is a private pilot. Ayer, also a private pilot, joined Horizon in 1982 and has served in a variety of marketing, planning and operational posts at the regional carrier and Alaska Airlines. He was appointed CEO of Air Group and Alaska Airlines in 2002, succeeding John F. Kelly, and became chairman in 2003. Ayer, who is joining the University of Washington Board of Regents, is chairman of the Puget Energy board, serves on the UW Foster School of Business Advisory Board, and is a director of Angel Flight West and the Museum of Flight in Seattle. Feb 16, 2012
Alaska Railroad plans more levee work with $188M bridge project. Alaska Railroad plans to continue levee work along the Tanana River next month as part of a $188 million railroad bridge project. Construction is expected to be done by summer of 2014, according to the railroad. Feb 13, 2012
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