- Push-out Score determined
- After almost nine years in the position
- Praise and thanks for Tilden
- Ben Minicucci taking over
- Tilden will remain as board chair at Alaska Air
- Tilden said 98 words
(exechange) — Seattle, Washington, November 9, 2020 — Brad Tilden, chief executive of Alaska Air, leaves his position. As announced by Alaska Air Group Inc. in a news release and in a regulatory filing published on Monday, November 9, 2020, Bradley D. (Brad) Tilden leaves his post as chief executive officer of the holding company for Alaska Airlines after almost nine years in the role, effective March 31, 2021.
Brad Tilden’s duties as CEO will be taken over by Benito (Ben) Minicucci, currently president of Alaska Airlines.
“Culmination of a multi-year succession planning process”
Brad Tilden’s departure from the CEO post is explained as follows. Patricia Bedient, Alaska Air Group lead independent director, said: “This announcement is the culmination of a multi-year succession planning process.”
Tilden will remain as board chair at Alaska Air
“Tilden will continue to serve as Alaska’s board chair,” Alaska Air said.
“Retire”
Alaska Air said: “Brad Tilden will retire as chief executive officer on March 31, 2021, and Ben Minicucci, president of Alaska Airlines and a member of the Alaska Air Group board, will succeed him.”
Share price decline since November 2017
The announcement follows a decline in Alaska Air Group Inc.’s share price of 42% since November 2017.
In the position of CEO since 2012
Brad Tilden became CEO of the Company in 2012.
Tilden has been chairman of Alaska Air Group, Alaska Airlines and Horizon Air since January 2014.
He served as president of Alaska Airlines from December 2008 to May 2016.
In May 2012, Tilden was named president and CEO of Alaska Air Group and CEO of Alaska Airlines, and he was CEO of Horizon Air from May 2012 to May 2016.
He served as executive vice president of finance and planning from 2002 to 2008 and as CFO from 2000 to 2008 for Alaska Airlines and Alaska Air Group.
Prior to 2000, he was vice president of finance at Alaska Airlines and Alaska Air Group.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Alaska Air and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 46.2020 ($).