In a recent 8K filing, SkyWest Inc. (NASDAQ: NASDAQ:SKYW) disclosed that Jerry Atkin, the airline's board chair, is set to retire following the company's 2024 Annual Meeting of Shareholders. The decision aligns with a mandatory retirement policy outlined in the company's Corporate Governance Guidelines, which requires directors to offer their resignation upon reaching the age of 75.
Atkin's retirement is not due to any disagreements with SkyWest regarding its operations, policies, or practices. His tenure with the company spans over four decades, having joined SkyWest in 1974 as the Director of Finance.
The following year, Atkin stepped into the role of President and Chief Executive Officer, positions he held until 2011 and 2015, respectively. In 1991, he was elected as Board Chair, a role he has held until the present.
During his extensive career with SkyWest, Atkin has been recognized for his leadership and significant contributions to the company's growth and success. The board expressed deep appreciation for Atkin's dedication and service over the years.
The announcement marks the end of an era for SkyWest, as Atkin has been instrumental in shaping the regional airline's strategic direction and expansion. The company has not yet named a successor for the board chair position.
The information regarding Atkin's retirement is based on a press release statement from SkyWest. As the company prepares for this transition, investors and industry watchers will be looking forward to learning who will assume the role of board chair following the annual shareholders meeting.
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