Southwest Airlines announced on November 4, 2024, the appointment of Rakesh Gangwal, co-founder of India's InterGlobe Aviation, as the new chairperson of its board. Gangwal, an aviation industry veteran, joined Southwest's board in July following pressure from activist investor Elliott Investment Management.
This appointment follows the settlement reached with Elliott in October, which saw significant changes to the board composition. Gangwal's leadership is expected to bring valuable industry expertise and a fresh perspective to the company's strategic direction.
The selection of an independent chairperson with extensive airline experience is a key development in Southwest's ongoing efforts to enhance corporate governance and drive its transformational plan forward.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.