Southwest Airlines (NYSE: LUV) announced a sudden change in its corporate governance, and that shift rattled some investors.

The appointment is the latest change to Southwest’s board. It had appointed five directors in a settlement with Elliott last ...

Southwest Airlines Co. said Rakesh Gangwal is resigning as chairman, a little over a year after joining the board and serving ...

Southwest Airlines ( NYSE: LUV) Thursday announced the appointment of Doug Brooks as the new independent Chair of the Board, ...

Doug Brooks is the new chairman of Southwest Airlines, replacing Rakesh Gangwal, who remains on the board and will chair the ...

(Reuters) -Southwest Airlines said on Thursday it has named insider Doug Brooks as chairperson of its board, effective August ...

In addition to Gangwal, Gary Kelly, the executive chairman of the board, also bought shares. Southwest’s shares rose as mcuh as 4.7% as of 2:40 p.m. in New York.

Effective July 7, Rakesh Gangwal, co-founder of InterGlobe Aviation, also known as IndiGo, India’s largest airline by fleet size and passengers carried, will be a member of Southwest’s board.

Indian billionaire Rakesh Gangwal raised 115.6 billion rupees ($1.4 billion) selling a stake in the parent of IndiGo, as he continues to retreat from the airline he co-founded almost two decades ago.

The addition of Rakesh Gangwal, the billionaire co-founder of InterGlobe Aviation, is the second defensive step taken in response to Elliott’s $1.9 billion stake.

Indian airline IndiGo co-founder Rakesh Gangwal will sell up to a 3.4% stake in the low-cost carrier through a block deal worth 68.31 billion rupees (nearly $803 million), news channel CNBC-TV18 ...