Southwest Airlines Co. today 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.
Gangwal said: “In a short period of one year, Southwest implemented a massive overhaul of its business model that will serve it well for years to come.
“Not many companies have the courage and conviction to fundamentally change ingrained aspects of their business model for the benefit of all their stakeholders. The transformation of Southwest Airlines is well underway.
“Bob Jordan and the management team deserve enormous credit for stepping up to unlock value for all our stakeholders.
“I am pleased with the current trajectory and traction of the Company and delighted that Doug will lead the Board and continue to build on the transformation underway.
“I look forward to continuing to serve as an active director, supporting Doug in his new role, and presiding over the newly formed Fleet Oversight Committee.”
Doug Brooks said, “I am deeply honored to serve Southwest in this new leadership position during this evolutionary time in the Company’s history. The Board is well-positioned to oversee the advancement of the Company’s strategic priorities and efforts to deliver superior financial performance, and I look forward to Rakesh’s continued involvement.”
Bob Jordan, President, Chief Executive Officer, and Vice Chairman of the Board of Southwest said: “Doug is a decisive leader and has a proven track record of creating shareholder value.
“He is well-prepared to take on this important role and has a strong appreciation for and understanding of Southwest’s history and future direction.
“I am immensely grateful to Rakesh for his leadership, vision, and tireless dedication.
“Under his guidance, the Board has challenged and inspired the Leadership Team to work with relentless determination and pace to propel our Company forward. Southwest will continue to benefit from his insight and expertise.”
Brooks has served as a Director of the Company since 2010. He formerly served as Chairman, President, and CEO of Brinker International, Inc. (“Brinker”), a multinational portfolio of restaurants.
Elliott Investment Management L.P. released the following statement on behalf of Partner John Pike and Portfolio Manager Bobby Xu: “We thank Mr. Gangwal for his leadership and contributions as Southwest’s independent Chair during a transformational period for the company and we are grateful that he will continue to serve as a member of the Board.
“We remain confident in Southwest’s trajectory and we look forward to continuing our constructive engagement as the Company executes its plan to drive long-term value”.
