Southwest Airlines Chairman Gary Kelly to retire, board to be overhauled

Southwest Airlines announced on Tuesday that Chairman Gary Kelly will retire immediately following the company’s 2025 annual meeting. The U.S. budget carrier also reaffirmed its support for CEO Bob Jordan.

The airline’s board plans to appoint four new directors, potentially including candidates proposed by Elliott Investment Management. Elliott has been advocating for a board overhaul and the removal of top executives to enhance the airline’s performance. In June, Jordan stated that Southwest has a “great plan” in place and that he has no intention of resigning.

Since the COVID-19 pandemic, Southwest Airlines has faced profitability challenges and has implemented several measures to facilitate a turnaround. These include adding seats with more legroom and transitioning from its open seating system to assigned seats.

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