Southwest Airlines names IndiGo co-founder Rakesh Gangwal as Chairman

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Southwest Airlines names IndiGo co-founder Rakesh Gangwal as Chairman - Business Standard

Quick Summary:

His appointment as the board chair comes a little over a week after Southwest settled issues with Elliott Investment Management, one of the airline's largest shareholders, that had sought sweeping changes at the carrier.

On Monday, Southwest announced the appointment of Gangwal as the independent Chair of the Board of Directors and also named new Board Committee Chairs.

Gangwal, who joined the board of Southwest in July this year, had also acquired shares worth USD 108 million of the airline recently.