Southwest Airlines activist investor group deal adds six board members, CEO stays

Government

Oct. 24 (UPI) -- Southwest Airlines Thursday reached an agreement with activist investor Elliot Investment Management to head off a proxy battle. The deal includes CEO Bob Jordan staying on as six new directors join the board and an early retirement for Executive Chairman Gary Kelly . Advertisement Southwest Airlines said in a statement that Kelly will leave the board effective Nov. 1 and will assume the title of chairman emeritus. "We are pleased to have reached a collaborative resolution with