Southwest Airlines representative Elliott's director will step down

LootboxPhobia · 2026-02-14T09:34:35+00:00

Southwest Airlines announced that two board members, David Cush and Greg Saretsky, will step down on February 23. The reasons for their departure are unrelated to the airline. The board size will also be reduced from 13 to 11 members.

LootboxPhobia

2026-02-14 09:34:35

Abstract generation in progress

Investing.com – Southwest Airlines (NYSE:LUV) announced on Tuesday that two directors representing the activist investor Elliott Investment Management will step down from the board of directors effective February 23.

The departing directors are David Cush, former CEO of Virgin America, and Gregg Saretsky, former CEO of WestJet. Along with three other candidates nominated by Elliott, they are scheduled to be appointed as board members in October 2024.

Southwest Airlines clarified in a filing with the U.S. Securities and Exchange Commission that the departures are not due to any disagreements with the airline and do not involve its operations, policies, or practices.

Meanwhile, Southwest Airlines stated it will reduce the size of its board from 13 members to 11.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.