Allegiant promotes three executives, creates integration office

Allegiant Travel Company (NASDAQ: ALGT) announced three senior leadership promotions and the establishment of an Integration Management Office to oversee planning related to its proposed acquisition of Sun Country Airlines.

Michael Broderick was promoted to Senior Vice President and Chief Integration Officer, where he will lead the newly created Integration Management Office. The office will coordinate cross-functional planning and decision-making for the Sun Country combination. Broderick joined Allegiant in 2017 and previously oversaw Procurement, Financial Planning & Analysis, and Airport Affairs.

Rebecca Aretos was promoted to Senior Vice President, Finance and Chief Accounting Officer. Aretos, who joined the company in 2007, will continue overseeing Accounting while assuming leadership of the Financial Planning & Analysis organization. She led the company's transition to its SAP enterprise resource planning system.

Asad Shaikh was promoted to Senior Vice President, Corporate Finance and Treasurer. Since joining Allegiant in 2013, Shaikh has overseen Corporate Finance and Treasury functions, focusing on liquidity, aircraft financing and balance-sheet management. His expanded role includes oversight of the Procurement organization.

"These leaders have decades of industry experience and have consistently delivered exceptional results while shaping the culture, performance and reputation that define Allegiant today," said Robert Neal, President and Chief Financial Officer, according to the company's statement.

The Integration Management Office will report to CEO Gregory C. Anderson and coordinate integration planning for the proposed Sun Country acquisition. The companies will continue operating separately until the transaction closes and receives required approvals.

Las Vegas-based Allegiant operates an airline connecting travelers in small-to-medium cities to vacation destinations with nonstop flights.

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