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Six Directors to Retire in November; Gary Kelly to Retire Immediately After 2025 Annual Meeting
Board Intends to Appoint Four New Independent Directors, Potentially Including Candidates Proposed by Elliott Investment Management L.P., in Near Term
Board Eliminates Executive Committee Structure and Creates New Finance Committee; New Committee Chairs and Lead Independent Director to be Named
Board Reiterates Support for Bob Jordan as CEO
Southwest Airlines Intends to Continue Engagement Toward a Collaborative Resolution with Elliott Investment Management L.P.
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All I can do is hope the changes will be good and hope they don’t make the wrong move for elite members or other customers otherwise many will go elsewhere.
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Ditto
There are lots of open seating lovers.
The question is will SW earn more from those wanting reserved seating versus those that leave at least some of the time.
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The upcoming changes to Southwest Airlines' board, with six directors set to retire in November and Gary Kelly retiring after the 2025 annual meeting, signal a significant leadership transition. The board’s decision to appoint four new independent directors, potentially including candidates proposed by Elliott Investment Management, demonstrates their commitment to refreshing the leadership structure. Additionally, the elimination of the executive committee and the creation of a new finance committee reflect a strategic shift in governance. The board’s continued support for CEO Bob Jordan and its engagement with Elliott Investment Management show their intention to maintain stability while addressing stakeholder concerns and fostering collaboration moving forward.