US EditionSOUTHWEST AIRLINES ANNOUNCES GOVERNANCE CHANGES
- Southwest Airlines announced governance changes, thanking Rakesh Gangwal for his leadership as independent Chair during a transformative period for the company. He will remain on the Board despite stepping down from his role as Chair.
- Elliott Investment Management, which manages approximately $72.7 billion in assets, thanked Gangwal for his contributions and provided a statement regarding his resignation.
- John Pike, a partner at Elliott, expressed confidence in Southwest's trajectory and the firm's commitment to constructive engagement.
- Elliott is one of the oldest funds under continuous management, founded in 1977 and serving diverse investors including pension plans and high net worth individuals.
101 Articles
101 Articles
Johnson City Press
Elliott Statement on Southwest Governance Changes
WEST PALM BEACH, Fla. , July 31, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott") today released the following statement on behalf of Partner John Pike and Portfolio Manager Bobby Xu regarding Rakesh Gangwal's decision to step down from his…
Farm Talk Newspaper
SOUTHWEST AIRLINES ANNOUNCES GOVERNANCE CHANGES
Rakesh Gangwal steps down as independent Chair, remains on the Board
Elliott Statement on Southwest Governance Changes - Southwest Airlines (NYSE:LUV)
WEST PALM BEACH, Fla. , July 31, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott") today released the following statement on behalf of Partner John Pike and Portfolio Manager Bobby Xu regarding Rakesh Gangwal's decision to step down from his role as Chair at Southwest Airlines Co. (NYSE:LUV) (the "Company" or "Southwest"): ...Full story available on Benzinga.com
Internet Outage Brings Southwest Flights to a Halt as Airline Faces More Turbulence at the Top
The skies have hardly been smooth for Southwest Airlines. A widespread internet outage crippled its dispatching and operations system on Thursday, grounding approximately 1,800 flights and stranding passengers—adding fresh turbulence to the airline's leadership shake-up and strategic overhaul. Just as the carrier navigates a leadership transition, the outage left countless passengers stranded, adding another layer of complexity to an already cha…
Southwest Airlines announces governance change
Southwest Airlines Co. today announced the appointment of Doug Brooks as the new independent Chair of the Board, effective Aug. 1, 2025. This appointment follows Rakesh Gangwal’s decision to step down from his role as Chair, effective Aug. 1, 2025, due to additional time commitments unrelated to Southwest. The Company also announced the formation of a new Fleet Oversight Committee to assist the Board in its oversight of the Company’s aircraft fl…
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