US EditionSouthwest Chair Kelly to step down next year as activist Elliott pushes for changes at airline
- Southwest Airlines Chairman Kelly will retire next year, but the airline plans to keep CEO Robert Jordan after meeting with Elliott Investment Management, which seeks changes at the airline.
- Southwest announced six directors will exit the board in November, intending to appoint four new members, possibly from candidates suggested by Elliott.
- Elliott, led by billionaire investor Paul Singer, has acquired a 10% stake and argues that changes are needed to improve Southwest's financial performance and stock price.
39 Articles
39 Articles
Southwest Chair Gary Kelly to step down amid activist pressure
Southwest Airlines Executive Chairman Gary Kelly announced on Tuesday that he will retire after the carrier's annual meeting next year.Six current directors informed the board of their plans to voluntarily step down immediately after the company's regularly scheduled board meeting in November. The board, meanwhile, reiterated its support for CEO Bob Jordan, who took the reins of the airline after Kelly stepped down from the role after 18 years i…
MarketWatch
Morningstar.comSouthwest Airlines Chairman Kelly to retire after urging from activist Elliott
Shares of Southwest Airlines Co. tacked on 0.2% in premarket trading Tuesday, after the air carrier announced a continued “refreshment” of its board of...
Southwest says Chairman Gary Kelly to retire next year, board backs CEO Jordan
Southwest Airlines said on Tuesday its Chairman Gary Kelly would retire immediately after the company's 2025 annual meeting, while the U.S. budget carrier reiterated its support for CEO Bob Jordan.
Associated Press News
Southwest Airlines shakes up its board under pressure from a big shareholder
Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to stick with CEO Robert Jordan. The moves were announced Tuesday after Southwest met
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