#USA #Seattle #Deloitte #Alaska Air Group #Pete Shimer

Alaska Air Group Welcomes Pete Shimer to Board of Directors

Alaska Air Group, Inc. has taken a significant step in its governance by electing Pete Shimer to its board of directors. Shimer, a well-respected figure in the business community, spent a remarkable 41 years with Deloitte, where he climbed the ranks from auditor to C-suite positions, eventually serving as the interim CEO. His expertise is expected to greatly benefit the airline as it navigates the evolving landscape of the aviation industry.

Shimer fills the vacancy left by Ken Thompson, who retired after an impressive 25 years of dedicated service. Ken was not just a board member; he was a stalwart partner in decision-making, contributing to various committees, particularly the Safety Committee, which he helped establish after the tragic accident of flight 261. Thompson’s commitment to Alaska Air Group's values and his deep understanding of its strategic objectives were instrumental in guiding the organization through crucial phases of its history.

Board chair Patty Bedient expressed her enthusiasm about Shimer's appointment, emphasizing that his operational and financial expertise will be an invaluable asset to the board. Shimer’s long-standing connection to the Seattle community and his experience as an Alaska Airlines customer further underline his suitability for the role. His appointment takes effect immediately, and he will contribute primarily to the Audit and Safety Committees.

A proud alumnus of the University of Washington, Shimer earned his bachelor’s degree in accounting and has continued to give back to the institution as a board member of its Foundation. Additionally, he serves on the board of the Fred Hutchinson Cancer Center, showcasing his commitment to community service and philanthropy.

Shimer’s extensive career at Deloitte provided him with a wealth of knowledge in financial management, corporate governance, and risk assessment—skills that will be beneficial in overseeing Alaska Air Group's operations and ensuring its compliance with industry regulations. His strategic mindset aligns perfectly with the company's goals of enhancing shareholder value while ensuring operational efficiency.

As Alaska Air Group continues to expand its domestic and international presence, having directors equipped with both industry knowledge and a deep understanding of the company’s values is critical. Shimer embodies this combination, with a career trajectory that showcases adaptability, leadership, and a commitment to excellence.

In a statement, CEO Ben Minicucci remarked on Thompson’s legacy as a guiding force for the board, stating that his insights and inquiries significantly contributed to the company’s growth. Thompson was celebrated as one of the 100 most influential corporate directors by the National Association of Corporate Directors in 2019, further highlighting his impactful tenure.

With Shimer's election, Alaska Air Group's board now consists of nine independent directors, with Minicucci serving as the non-independent director. The board members will serve one-year terms, reaffirming their commitment to align closely with the company’s vision and objectives.

Alaska Airlines and its subsidiaries—including Horizon Air and Hawaiian Airlines—operate extensive networks across North America and beyond, with hubs in major cities such as Seattle, Los Angeles, and San Francisco. As a member of the oneworld Alliance, Alaska provides unparalleled access to over 1,000 destinations worldwide, emphasizing its commitment to customer satisfaction and operational excellence.

In conclusion, Pete Shimer's arrival marks a new chapter for Alaska Air Group, promising to bring fresh perspectives and a wealth of experience to its board. Industry stakeholders and customers alike will be watching closely as the company continues to grow and adapt in the competitive aviation landscape.