Alaska Air Group Announces Retirement of Longtime CFO Brandon Pederson
The Alaska Air Group announced on Monday that Brandon Pederson, who has been their Chief Financial Officer since 2010, will retire on March 2, 2020. The vacancy will be filled by current Executive Vice President – Planning & Strategy, Shane Tackett.
Alaska Airlines announced today that their longtime Chief Financial Officer, Brandon Pederson will retire on March 2, 2020. Mr. Pederson has served as Alaska’s CFO since 2010 and has been instrumental in the airline’s growth and success, overseeing major initiatives such as the acquisition of Virgin America. Alaska’s current Executive Vice president – Planning & Strategy will replace Mr. Pederson as CFO in March. In Monday’s announcement Alaska Airlines’ Chairman and Chief Executive Officer, Brad Tilden said,
“Brandon has done an extraordinary job as Alaska’s CFO. 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 we wish him and his wife, Janet, the very best in their future.”
A lifelong Seattle resident, Mr. Pederson served as an outside auditor for Alaska before joining the company as VP of Finance and Controller. In 2010, he was promoted to CFO and during his tenure the company strengthened its balance sheet, acquired Virgin America and initiated a dividend that has grown annually since 2013.
Alaska Airlines’ incoming CFO, Shane Tackett joined the company in 2000 and led in various positions, becoming VP of Labor Relations 2010, where be built relationships with the airline’s five unions, ultimately negotiating six long-term labor agreements. Mr. Tackett became responsible for revenue management and e-commerce in 2015 and was promoted to Vice President of Planning & Strategy in 2018. Commenting on Mr. Tackett’s tenure at the company, the company CEO, Brad Tilden added,
“We’re extremely lucky to have someone of Shane’s caliber wo’s ready to succeed Brandon. 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.”
Mr. Tackett is a graduate of Pacific Lutheran University where he majored in business administration and holds an MBA from the University of Washington. He also serves on the board of trustees for the Make-A-Wish Foundation of Washington and Alaska.
Along with their regional partners, Alaska Airlines serves over 115 destinations with 1,300 daily flights and carries over 46M customers annually. The carrier serves destinations in the US, Mexico, Canada and Costa Rica and along with Alaska Global Partners, allows guests to earn and redeem miles on over 800 worldwide destinations. For the last 12 years, Alaska Airlines has been ranked “Highest in Customer Satisfaction Among Traditional Carriers in North America” by J.D. Power North America’s North American Airline Satisfaction Study.
Source: Alaska Airlines