Chairman Checchi Capital Advisers (CCA)
Al Checchi played a significant leadership role in transforming three major American institutions: Marriott Corporation in the 1970's, Walt Disney, Inc. in the 1980's, and Northwest Airlines in the 1990's. Mr. Checchi led a group which purchased Northwest Airlines in 1989. As co-chairman, he directed Northwest through a severe period of industry downturn caused by the Gulf War, deep recession, and a predatory pricing war. Northwest expanded operations over 50% and created a series of domestic and international alliances that made Northwest the most profitable U.S. airline for the five-year period 1993-1997.
Prior to the Northwest Airlines buyout, Mr. Checchi served as one of two non-family principals directing the Bass Brothers investment group from 1982-1986. While at Bass, he negotiated the sale of Arvida Corporation to Walt Disney Inc. and participated in assembling a 25% control position and changing executive management of the company. Mr. Checchi spent six months at Disney restructuring its corporate financing and participating in the formation of a strategic plan that triggered a 10-year appreciation of common stock value of over 2000%.
Mr. Checchi's career began as a financial analyst for the Marriott Corporation in 1975 where he held a succession of positions, eventually involving responsibility for all corporate and project financing and all new hotel development, foreign and domestic. He served on the Finance Committee, the principal executive governing board of the company, and at the time of his departure in 1982 directed one of the largest real estate development concerns in the United States.
Of significant note, Mr. Checchi ran for the Democratic Nomination for Governor of California in 1997. He traveled the state extensively and published a Strategic Plan for the state but was defeated in the June, 1998 Primary. Mr. Checchi is currently an advisor to Checchi Capital Partners, a financial advisory firm that constructs global indexed separate investment portfolios for individuals, trusts, and institutions. He and his wife of 40 years have three children and live in Los Angeles.