Elliott's directors stepping down from Southwest's board

Investing.com -- Southwest Airlines (NYSE: LUV) announced Tuesday that two directors representing activist investor Elliott Investment Management will step down from the board, effective February 23.

The departing directors are David Cush, who previously served as CEO of Virgin America, and Gregg Saretsky, former CEO of WestJet. Both were appointed to the board in October 2024 along with three other nominees from Elliott.

Southwest clarified in a Securities and Exchange Commission filing that neither departure was due to any disagreement with the airline or any matter relating to its operations, policies, or practices.

In conjunction with these departures, Southwest said it would reduce the size of its board from 13 members to 11.

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