Southwest Airlines Co. has officially announced the appointment of India’s IndiGo airline co-founder, Rakesh Gangwal, as the independent Chair of the Board of Directors, along with the designation of new Chairs for various Board Committees, effective immediately:
– Lisa Atherton will assume the role of Chair of the Compensation Committee.
– Douglas Brooks will take on the position of Chair of the Audit Committee.
– David Hess will continue in his role as Chair of the Safety and Operations Committee.
– Chris Reynolds will serve as Chair of the Nominating and Corporate Governance Committee.
– Gregg Saretsky will act as Chair of the Finance Committee.
Gangwal remarked, “We are entering a new phase of transformation at Southwest, building on its numerous achievements and rich history. Our primary objective as a newly formed Board is to collaborate closely with Bob Jordan and the management team to restore the airline to exceptional financial performance.”
Bob Jordan, President, Chief Executive Officer, and Vice Chairman of the Board, expressed, “On behalf of the entire Company, I am eager to collaborate with our new Board as we implement our strategy and fulfill our commitments to our Shareholders. I would like to extend my gratitude to our employees for their steadfast dedication to one another and their exceptional service to our Customers. Our employees are the core of Southwest’s Culture and the distinguishing factor that sets us apart from our competitors.”
