This article is from: srnnews.com
Feb 10 (Reuters) – Southwest Airlines said on Tuesday two directors representing activist investor Elliott Investment Management are stepping down from the board, effective February 23.
The departing directors, David Cush, previously CEO of Virgin America, and Gregg Saretsky, former CEO of WestJet, were appointed to the board in October 2024, alongside three other nominees from Elliott.
Neither departure from the board was due to any disagreement with the airline, or any matter relating to its operations, policies and practices, Southwest said in an SEC filing.
In tandem with the departure, Southwest said it would reduce the size of the board from 13 to 11.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Krishna Chandra Eluri)
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