Southwest Airlines appoints new independent board chairman, committee chairs
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Background ✨
Southwest Airlines reached a cooperation agreement with Elliott Investment Management, leading to the appointment of new directors, including former CEOs and senior officials from various industries, effective 01-Nov-20241. Elliott had sought significant board changes, proposing new nominees and calling for urgent leadership changes to address the airline's performance issues2 3. Rakesh Gangwal, appointed as board chair, had made a significant share purchase in the company in late September 20244.