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New CEO, Stock Split As Alaska Air Prepares For Future
A busy day for Alaska Air Group sees Bill Ayer stand down from the CEO role he has held for 10 years and the company’s board of directors approve a two-for-one stock split, a rarity in the U.S. air transport sector.
Ayer, who retains his chairman role, hands his CEO duties to Brad Tilden, who also keeps his title as company president. Tilden formally assumes his new role at the company’s annual shareholder meeting on May 15.