Southwest (LUV) Airlines announced the appointment of Doug Brooks as the new independent Chair of the Board, effective Aug. 1, 2025. This appointment follows Rakesh Gangwal’s decision to step down from his role as Chair, effective Aug. 1, 2025, due to additional time commitments unrelated to Southwest. The company also announced the formation of a new Fleet Oversight Committee to assist the Board in its oversight of the company’s aircraft fleet acquisition strategy. Gangwal will serve as Chair of the newly formed Fleet Oversight Committee and continue to serve on the Finance Committee and the Nominating & Corporate Governance Committee.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV:
- Southwest Airlines Stock (LUV) Hits Q2 Turbulence
- Southwest Airlines Faces Challenges Despite Revenue Initiatives: Analyst Issues Sell Rating
- Southwest Airlines Faces Stock Turbulence Amid Analyst Downgrades
- Southwest Airlines Reports Solid Q2 2025 Earnings
- Southwest Airlines’ Earnings Call: Strategic Optimism Amid Challenges