ALLEGIANT TRAVEL COMPANY ANNOUNCES EXECUTIVE PROMOTIONS
Allegiant Travel Company (NASDAQ: ALGT) has announced the promotions of D. Scott Sheldon and Gregory C. Anderson to the roles of presidents, effective August 1, 2022. Sheldon, who has been with Allegiant since 2004, will serve as president and chief operating officer, while Anderson, who joined the company in 2010, will be president and chief financial officer. CEO John Redmond praised their teamwork and contributions, emphasizing the unique decision to have two presidents as beneficial given the company's upcoming growth initiatives, including a new fleet type and a partnership with VivaAerobus.
- Appointment of Scott Sheldon and Gregory Anderson as presidents enhances leadership structure.
- Sheldon and Anderson's extensive experience at Allegiant supports strategic growth.
- Company plans to expand with a new fleet type and a joint venture with VivaAerobus.
- None.
D. Scott Sheldon and Gregory C. Anderson to assume new roles as Presidents of Allegiant Travel Company
LAS VEGAS, July 28, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced today that D. Scott Sheldon, the company's executive vice president and chief operating officer, and Gregory C. Anderson, executive vice president and chief financial officer, will assume new roles as presidents of Allegiant Travel Company.
Effective Aug. 1, Sheldon's new title will be president and chief operating officer and Anderson will be president and chief financial officer. They will continue to report to John Redmond, Allegiant's chief executive officer.
"I could not be more excited to announce these promotions," said Redmond. "Scott and Greg are truly the dynamic duo – consummate professionals who know the Allegiant business inside and out. This announcement is the product of their hard work as well as the recognition of their individual contributions and talent. As CEO, it is my job to retain talent and protect the future of the company – and these promotions go a long way toward achieving both ends. I have the utmost confidence in their abilities and firmly believe this change will benefit Allegiant in numerous ways."
Redmond also noted that while the decision to have two company presidents is unique, it makes sense given Sheldon and Anderson's cohesiveness as a team, their respective strengths, and the current workload facing the company – as the next twelve months will see the company add a new fleet type, operate the company's first joint venture with its partner VivaAerobus, and open the world-class Sunseeker Resort in Port Charlotte, Florida.
"When I joined Allegiant 18 years ago it almost felt experimental – we were still trying something new, serving small cities, offering low fares and an unbundled product," Sheldon said. "That approach has really resonated with our customers and we have been wildly successful as a result. I am grateful to John – for his leadership, mentorship, and confidence in me and this team. Having worked side-by-side with Greg for nearly two decades, I can honestly say I could not be happier to continue this amazing experiment with Greg and I am looking forward to the next two decades and beyond."
"I am both thrilled and humbled to take on this new challenge," Anderson said. "Scott and I have worked together for a long time – we know each other very well, and there is no one else I would rather share this responsibility with. I believe that together, we are greater than the sum of our parts, and that is as true for the role of president as it is for the entire company. I am very excited to see what this leadership team can do."
Sheldon has served as Allegiant's chief operating officer since 2017. He joined Allegiant in 2004 as director of accounting, and served as principal accounting officer from 2007 to 2010. He was also chief financial officer from 2010 to 2019.
Anderson joined Allegiant's accounting department in 2010. During his tenure, Anderson has held several leadership roles in the company, including senior vice president – treasury, and principal accounting officer. Anderson was appointed chief financial officer in 2019. Prior to joining Allegiant, he worked in corporate accounting for U.S. Airways.
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's fleet 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 information, including photos, is available at http://gofly.us/iiFa303wrtF
Allegiant Media Contact
Phone: 702-800-2020
Email: mediarelations@allegiantair.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/allegiant-travel-company-announces-executive-promotions-301594946.html
SOURCE Allegiant Travel Company
FAQ
Who are the new presidents of Allegiant Travel Company?
When do the new roles for Allegiant's presidents take effect?
What are the key responsibilities of the new presidents at Allegiant?
What strategic initiatives is Allegiant implementing under new leadership?
What is the significance of appointing two presidents at Allegiant?
