ALLEGIANT TRAVEL COMPANY ANNOUNCES MANAGEMENT TRANSITION
LA VEGAS, February 7, 2022 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) announced today that Maurice J. Gallagher, Jr.Chairman and Chief Executive Officer of Allegiant, will assume the role of Executive Chairman of the Board of Directors, while John Redmond, president of the company, will assume the additional role of managing director. The transition will be effective June 1, 2022.
“I am delighted to announce John Redmond as the next CEO of Allegiant,” said Gallagher. “As a member of the Allegiant Board of Directors for fifteen years and President of the company since 2016, no one understands the vision and strategic direction of Allegiant better than John. In truth, John’s promotion to CEO and my move to Executive Chairman merely formalizes title changes that have worked in practice for several years. I am confident that under his leadership, Allegiant will continue to remain at the forefront of the industry in profitability, innovation and customer excellence and I look forward to supporting John and the company in my new role. »
Gallagher also noted that this transition will create opportunities for upward mobility within the company, allowing for more continuity in senior management as Allegiant executes its planned growth strategy.
“I am honored to be named the next CEO of Allegiant Travel Company,” said Redmond. “Under Maury’s transformational leadership, Allegiant has grown from a simple airline to a fully integrated travel agency and has completely redefined the way consumers view leisure travel. I couldn’t be more excited about the opportunities to come. The strategy, model and plan are firmly in place and combined with our exceptional management team, there is no limit to what we can accomplish. I am grateful to Maury and the Board of Directors for their trust and confidence in me and I look forward to building on Allegiant’s successes.”
As President and CEO, Redmond will lead a dynamic management team with more than 50 years of combined experience at Allegiant. Under the guidance and direction of this team, supported by a wide range of talented industry professionals, Allegiant has consistently been one of the most successful airlines in United States, posting an exceptional profitability record. As executive chairman and principal shareholder of the company, Gallagher will continue to be actively involved in the strategic direction of the company.
Long considered a disruptive innovator in the airspace, Gallagher has spent more than four decades developing and building successful airline business models, culminating with Allegiant. When Gallagher took over Allegiant in 2001, it owned a plane and was fresh out of bankruptcy. From there, Gallagher grew the company into one of the most profitable airlines in the world with more than 110 aircraft, operating more than 600 routes in more than 130 cities in the United States.
Redmond has served on the Allegiant board since 2007, except for a one-year hiatus in 2013 while seeking an opportunity in Australia. His appointment as CEO follows more than five years as president of Allegiant, where he was responsible for all business and operational aspects of the company.
Prior to joining Allegiant full-time, Redmond spent over three decades in the hospitality industry. He has held positions at the highest levels of some of the world’s largest and most recognized hotel and gaming operators, including as President and CEO of MGM Grand Resorts, LLC. Redmond currently serves on the board of Vail Resorts Inc.
Allegiant – Together We Fly™
VegasAllegiant (NASDAQ:ALGT) is an integrated travel agency with an airline at its heart, focused on connecting customers with the people, places and experiences that matter most. Since 1999, Allegiant Air has connected travelers from small and mid-sized cities to world-class vacation destinations with nonstop flights and some of the lowest average fares in the industry. Today, the Allegiant fleet serves communities across the country, with base airfares less than half the cost of the average domestic round-trip ticket. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF
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SOURCEAllegiant Travel Company