Business
Southwest Chairman Kelly to step down next year as activist Elliott pushes for changes at airline
A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California.
Mario Tama | Getty Images
Southwest Airlines Chairman and former CEO Gary Kelly said Tuesday that he will step down next year, a move that comes as the company faces pressure on changes to activist investor Elliott Investment Management.
Kelly, who has worked at Southwest for nearly four decades, announced he was resigning hours after a meeting with Elliott, who has called for leadership changes at the Dallas-based airline.
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