Alaska Air Group (ALK - Free Report) announced that its long-serving chief financial officer (CFO) Brandon Pedersen intends to retire on Mar 2, 2020. Pedersen has been associated with the company for a long time. He was the company’s outside auditor for 11 years prior to joining it in 2003 as the vice president of finance and controller. He was promoted to his current position in May 2010.
During Pedersen’s tenure as CFO, Alaska Air Group acquired Virgin America, thereby expanding its presence significantly, particularly on the West Coast. Other notable feats accomplished by this Seattle, WA-based carrier include the initiation of quarterly dividend payouts in 2013, courtesy of a robust balance sheet. Notably, the dividend has increased every year since 2013.
Pederson will be replaced by Shane Tackett, who currently serves as the company’s executive vice president of planning and strategy. Tackett has served Alaska Air Group in multiple capacities ever since joining it in 2000. Given his vast experience, Alaska Air Group expects the appointment of Tackett to be a successful step toward its efforts to grow further.
Zacks Rank & Key Picks
Alaska Air Group currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Zacks Airline industry include Spirit Airlines (SAVE - Free Report) , SkyWest (SKYW - Free Report) and Delta Air Lines (DAL - Free Report) , each carrying a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Spirit, SkyWest and Delta have gained 22%, 17% and 9% in the past three months.
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Alaska Air Group (ALK - Free Report) announced that its long-serving chief financial officer (CFO) Brandon Pedersen intends to retire on Mar 2, 2020. Pedersen has been associated with the company for a long time. He was the company’s outside auditor for 11 years prior to joining it in 2003 as the vice president of finance and controller. He was promoted to his current position in May 2010.
During Pedersen’s tenure as CFO, Alaska Air Group acquired Virgin America, thereby expanding its presence significantly, particularly on the West Coast. Other notable feats accomplished by this Seattle, WA-based carrier include the initiation of quarterly dividend payouts in 2013, courtesy of a robust balance sheet. Notably, the dividend has increased every year since 2013.
Pederson will be replaced by Shane Tackett, who currently serves as the company’s executive vice president of planning and strategy. Tackett has served Alaska Air Group in multiple capacities ever since joining it in 2000. Given his vast experience, Alaska Air Group expects the appointment of Tackett to be a successful step toward its efforts to grow further.
Zacks Rank & Key Picks
Alaska Air Group currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Zacks Airline industry include Spirit Airlines (SAVE - Free Report) , SkyWest (SKYW - Free Report) and Delta Air Lines (DAL - Free Report) , each carrying a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Spirit, SkyWest and Delta have gained 22%, 17% and 9% in the past three months.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.6% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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