- Push-out Score determined
- After 19 years in the position
- Accolades, praise and thanks for Gallagher
- John Redmond taking over
- Gallagher will remain as executive chairman at Allegiant
- Gallagher said 99 words
(exechange) — Las Vegas, Nevada, February 7, 2022 — Maury Gallagher, chief executive of Allegiant, leaves his position. As announced by Allegiant Travel Co. in a news release and in a regulatory filing published on Monday, February 7, 2022, Maurice J. (Maury) Gallagher leaves his post as chief executive officer at the integrated travel company with an airline at its heart, after 19 years in the role, effective June 1, 2022.
It is the end of an era.
Maury Gallagher’s duties as CEO will be taken over by John Redmond, most recently president at Allegiant Travel Co.
“Title changes that have been working in practice for the last several years”
Maury Gallagher’s departure from the CEO post is explained as follows. Gallagher said: “In truth, John’s promotion to CEO, and my step to executive chairman simply formalizes title changes that have been working in practice for the last several years.”
Gallagher will remain as executive chairman at Allegiant
“Maurice J. Gallagher, Jr., Allegiant chairman and chief executive officer, will assume the role of executive chairman of the board, while John Redmond, company president, will take on the additional role of chief executive officer. The transition will be effective June 1, 2022,” Allegiant said.
“Transition”
Allegiant said: “Maurice J. Gallagher, Jr. plans to transition to the role of Executive Chairman as of June 1, 2022.”
Share price increase since February 2019
The announcement follows an increase in Allegiant Travel Co.’s share price of 28% since February 2019.
In the position of CEO since 2003
Maury Gallagher became CEO of the Company in 2003.
As executive chairman, and the company’s largest shareholder, Gallagher will continue to remain actively involved in the strategic direction of the company.
Maurice J. Gallagher, Jr. has been actively involved in the management of the Company since he became the Company’s majority owner and joined the Company’s board of directors in 2001.
He has served as the Company’s chief executive officer since 2003 and was designated chairman of the board in 2006.
Prior to his involvement with Allegiant, Gallagher devoted his time to his investment activities, including companies which he founded.
Gallagher was one of the founders of ValuJet Airlines, Inc. (the predecessor of AirTran which later merged into Southwest Airlines) and served as an officer and director of ValuJet from its inception in 1993 until 1997.
From 1983 until 1992, Gallagher was a principal owner and executive of WestAir Commuter Airlines.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Maury Gallagher’s move on a scale of 0 to 10.
exechange reached out to Allegiant and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 7.2022 ($).