Southwest Airlines transformation chief Ryan Green to step down
Publishing timestamp: 2025-02-19 13:47:58
Summary
Southwest Airlines' chief transformation officer, Ryan Green, will step down from his role after reaching an agreement with activist investor Elliott Investment Management. The airline also amended its cooperation agreement with Elliott, allowing for a higher maximum allowable stake. Green's exit comes as the airline plans to cut about 15% of corporate jobs to reduce costs. Elliott had been advocating for board overhaul and removal of Southwest's Chairman and CEO, leading to concessions and changes within the company.
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