Southwest Airlines Welcomes Doug Brooks as Board Chair Amid Governance Changes

Significant Governance Changes at Southwest Airlines

On July 31, 2025, Southwest Airlines Co. (NYSE: LUV) announced a pivotal leadership transition with the appointment of Doug Brooks as the new independent Chair of the Board, effective from August 1, 2025. This change comes after Rakesh Gangwal decided to step down from the leadership role, citing additional commitments that would not allow him to dedicate the appropriate time to the position. Nevertheless, Gangwal will continue to serve on the Board while leading the newly established Fleet Oversight Committee.

A New Era in Leadership

Doug Brooks takes on this crucial role at a significant moment for Southwest Airlines. Having been a Director of the company since 2010, Brooks previously held the title of Chairman, President, and CEO at Brinker International, a major player in the restaurant industry. With extensive experience in executive management and corporate governance, he is well-equipped to lead Southwest as it navigates a transformative phase in its business model.

Engaging with the strategic direction of the company, Brooks remarked, "I am deeply honored to serve Southwest in this new leadership position during this evolutionary time in the Company's history." He expressed confidence in the Board's capability to steer Southwest's strategic priorities as it continues to deliver robust financial performance.

Rakesh Gangwal's Contribution

Rakesh Gangwal has been instrumental in Southwest's recent decisions, enactting significant changes that promise to benefit all stakeholders involved. Following his stepping down, Gangwal acknowledged the major overhaul of Southwest’s business model over the past year. He commented on the boldness required to effect such fundamental shifts, pointing out that only a few companies show the same courage and commitment. Moreover, he credited CEO Bob Jordan and the management team for their relentless pursuit of excellence through these changes.

While stepping down from his role as Chair, Gangwal will continue to influence the company through his position leading the Fleet Oversight Committee and involvement in both the Finance Committee and the Nominating Corporate Governance Committee.

Forward Momentum for Southwest Airlines

In his remarks, Bob Jordan highlighted Doug Brooks' decisive leadership style, underscoring his impressive record in creating shareholder value. Brooks' understanding of the company's historical context and future trajectory makes him an ideal leader to build upon the progressive changes currently in motion.

Brooks's leadership will be crucial as Southwest Airlines aims for a stronger operational strategy and superior customer service while managing its fleet effectively. His extensive background in public companies will add value as the Board looks to the horizon of what's next for the airline. Meanwhile, Gangwal's ongoing involvement is expected to provide continuity and experience critical to navigating this transition.

Looking Ahead

With these governance changes, Southwest Airlines continues its commitment to securing a shared future of success and value for its stakeholders, employees, and customers. The formation of the Fleet Oversight Committee is a strategic move, expected to polish Southwest's approach toward its fleet acquisition strategy, ensuring that it remains competitive in the evolving aviation market.

Southwest Airlines is recognized as one of the most admired airlines globally, operating in 117 airports across 11 nations and honoring its legacy by staying true to its roots of providing friendly, reliable, and economically accessible air travel.