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Breaking: Southwest Airlines caves to activist investor pressure

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dallasnews.com

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Tue, Sep 10, 2024 01:16 PM

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Elliott Investments previously announced its intent to shake up the board. Southwest Airlines’

Elliott Investments previously announced its intent to shake up the board. [BREAKING NEWS]( [The Dallas Morning News logo.]( [Southwest Airlines caves to activist investor pressure, shakes up board]( Southwest Airlines’ executive chairman and former CEO Gary Kelly will not seek reelection and six board members will leave their roles [amid pressure from an activist investor,]( which has spent months pushing for change at the Dallas-based air carrier. The changes came as Southwest leaders met Monday with activist shareholder Elliott Investment Management, which has taken a $1.9 billion stake and pressured the airline to make changes to executive ranks and board members, along with other shifts in strategy. [READ MORE](   ADVERTISEMENT   [The Dallas Morning News]( [Facebook]( [Instagram]( [X (formerly Twitter)]( [YouTube]( --------------------------------------------------------------- [Account Login]( | [Help Center]( | [Privacy Policy]( | [Terms of Service]( [Manage Preferences]( | [Unsubscribe]( ©2024 The Dallas Morning News • 1954 Commerce St. • Dallas, TX 75201

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