GO
Loading...

Enter multiple symbols separated by commas

Southwest Airlines Executive Chairman to Step Down

Southwest Airlines said Thursday that Herb Kelleher would step down as executive chairman of the board of directors at the company's 2008 annual meeting of shareholders.

Kelleher_Herb.jpg

Kelleher, 76, is a founder of Southwest, the largest low-cost carrier, and has served as executive chairman since 1978. He also was president and chief executive from 1981 to 2001.

Southwest also said company president Colleen Barrett, 62, would step down from that position in 2008. Kelleher and Barrett are set to remain employed at the airline for five years, the company said.

Chief Executive Gary Kelly will remain in that position with a contract expiration date of February 1, 2011, Southwest said.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Mark Cuban and Donald Trump

    Donald Trump appears to have Mark Cuban's vote, at least in terms of how the billionaire real estate mogul is conducting his political campaign.

  • Ferrari 488 Spider

    Ferrari's new 488 Spider will have a V-8 turbo engine and a retractable hard-top roof that lowers in just 14 seconds.

  • Members of the New Horizons science team react to seeing the spacecraft's last and sharpest image of Pluto before closest approach later in the day at the Johns Hopkins University Applied Physics Laboratory (APL) in Laurel, Maryland July 14, 2015.More than nine years after its launch, a U.S. spacecraft sailed past Pluto on Tuesday, capping a 3 billion mile (4.88 billion km) journey to the solar system's farthest reaches, NASA said.

    The New Horizons Pluto flyby mission set records for NASA's social media and web metrics——but why do we care so much?

U.S. Video