Southwest Airlines has named former US Airways CEO Rakesh Gangwal ... Previously, Southwest’s board was led by former executive chairman Gary Kelly, but he and six other directors retired on Nov. 1. “We are embarking on the next era of change at ...

New Southwest Airlines director Rakesh Gangwal will serve as independent chair of the company’s board of directors, replacing Gary Kelly who has stepped down from his executive chairman post.

Southwest Airlines has named Rakesh Gangwal as the independent chair of the board of directors. Gangwal, an airline executive and entrepreneur, has been a member of the Southwest Airlines board of directors since July 8.

Southwest Airlines on 4 November disclosed the appointment of Rakesh Gangwal as independent chair of the company's board of directors, filling the role left vacant by former executive chairman Gary Kelly.

The appointments come as part of an agreement with activist investor Elliott Investment Management and are effective as of Nov. 1. Following his departure from the board and related responsibilities,

IndiGo co-founder Rakesh Gangwal has been appointed as Chairman of Southwest Airlines, marking a significant milestone in his extensive aviation career. Gangwal joined Southwest’s board in July and recently acquired shares worth USD 108 million,

In September and early October, Gangwal bought 3.6 million shares of Southwest, with transaction prices between $29 and $30 per share, amounting to a $108 million investment, according to SEC filings.

IndiGo co-founder Rakesh Gangwal has been appointed as independent Chair of Southwest Airlines board of directors.

The new chair of the Dallas-based airline's board is the billionaire co-founder of the largest airline in India.