Southwest Airlines Co. (LUV) said late Monday that its president, Tom Nealon, is stepping down effective immediately but will stay on as a strategic advisor. The board appointed Chief Operating Officer Mike Van de Ven president, effective immediately. The transition precedes that of incoming Chief Executive Bob Jordan, who will succeed Gary Kelly as CEO. "The transition efforts being led by Executive Vice President and incoming CEO Bob Jordan are going extremely well, and as that continues, we are taking steps to shift reporting roles in preparation for Bob to assume the CEO role on February 1, 2022," said Kelly, who also serves as Southwest's chairman.
(END) Dow Jones Newswires
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