Southwest Airlines Announces Leadership Restructuring Following Settlement with Investor

Southwest Airlines is set for a significant leadership overhaul after reaching a settlement with activist investor Elliott Investment Management, marking a pivotal change for the Dallas-based airline. Southwest announced today that it will restructure its board, a move that will include the retirement of longtime CEO Gary Kelly along with six other board members. The decision follows several months of negotiations with Elliott, which has been pressuring Southwest for organizational changes aimed at enhancing corporate governance and streamlining the company’s strategic goals.

The leadership restructuring, slated to take. . .