Elliott Statement on Southwest Governance Changes
Elliott Investment Management has released a statement regarding leadership changes at Southwest Airlines (NYSE:LUV). The investment firm acknowledged Rakesh Gangwal's decision to step down as Chair of Southwest Airlines, while noting he will remain on the Board. Elliott's Partner John Pike and Portfolio Manager Bobby Xu expressed gratitude for Gangwal's leadership during what they described as a transformational period for the company.
Elliott affirmed its confidence in Southwest's trajectory and expressed commitment to maintaining constructive engagement as the airline pursues its long-term value creation strategy.
Elliott Investment Management ha rilasciato una dichiarazione riguardo ai cambiamenti nella leadership di Southwest Airlines (NYSE:LUV). La società di investimento ha riconosciuto la decisione di Rakesh Gangwal di dimettersi dalla carica di Presidente di Southwest Airlines, sottolineando però che resterà nel Consiglio di Amministrazione. John Pike, Partner di Elliott, e Bobby Xu, Portfolio Manager, hanno espresso gratitudine per la guida di Gangwal durante quello che hanno definito un periodo di trasformazione per l’azienda.
Elliott ha confermato la sua fiducia nel percorso di Southwest e ha ribadito l’impegno a mantenere un dialogo costruttivo mentre la compagnia aerea persegue la sua strategia di creazione di valore a lungo termine.
Elliott Investment Management ha emitido un comunicado sobre los cambios en el liderazgo de Southwest Airlines (NYSE:LUV). La firma de inversión reconoció la decisión de Rakesh Gangwal de renunciar como presidente de Southwest Airlines, aunque destacó que permanecerá en la Junta Directiva. John Pike, socio de Elliott, y Bobby Xu, gestor de cartera, expresaron su agradecimiento por el liderazgo de Gangwal durante lo que describieron como un período de transformación para la compañía.
Elliott reafirmó su confianza en la trayectoria de Southwest y manifestó su compromiso de mantener un compromiso constructivo mientras la aerolínea sigue su estrategia de creación de valor a largo plazo.
Elliott Investment Management는 Southwest Airlines (NYSE:LUV)의 리더십 변화에 관한 성명을 발표했습니다. 투자 회사는 Rakesh Gangwal이 Southwest Airlines 의장직에서 물러나기로 한 결정을 인정하면서도 그가 이사회에는 계속 남을 것임을 밝혔습니다. Elliott의 파트너 John Pike와 포트폴리오 매니저 Bobby Xu는 회사가 겪고 있는 변화의 시기에 Gangwal의 리더십에 감사를 표했습니다.
Elliott는 Southwest의 향후 방향에 대한 신뢰를 재확인하며 항공사가 장기적인 가치 창출 전략을 추진하는 동안 건설적인 협력을 지속할 것임을 약속했습니다.
Elliott Investment Management a publié une déclaration concernant les changements de direction chez Southwest Airlines (NYSE:LUV). La société d’investissement a reconnu la décision de Rakesh Gangwal de démissionner de son poste de président de Southwest Airlines, tout en précisant qu’il restera au conseil d’administration. John Pike, associé chez Elliott, et Bobby Xu, gestionnaire de portefeuille, ont exprimé leur gratitude pour le leadership de Gangwal durant ce qu’ils ont décrit comme une période de transformation pour l’entreprise.
Elliott a réaffirmé sa confiance dans la trajectoire de Southwest et s’est engagé à maintenir un dialogue constructif alors que la compagnie aérienne poursuit sa stratégie de création de valeur à long terme.
Elliott Investment Management hat eine Stellungnahme zu den Führungswechseln bei Southwest Airlines (NYSE:LUV) veröffentlicht. Die Investmentfirma würdigte Rakesh Gangwals Entscheidung, als Vorsitzender von Southwest Airlines zurückzutreten, stellte jedoch fest, dass er im Vorstand verbleiben wird. John Pike, Partner bei Elliott, und Portfolio-Manager Bobby Xu drückten ihre Dankbarkeit für Gangwals Führung während einer als transformativ beschriebenen Phase des Unternehmens aus.
Elliott bekräftigte sein Vertrauen in den Kurs von Southwest und erklärte sein Engagement für eine konstruktive Zusammenarbeit, während die Fluggesellschaft ihre langfristige Wertschöpfungsstrategie verfolgt.
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We thank Mr. Gangwal for his leadership and contributions as Southwest's independent Chair during a transformational period for the company and we are grateful that he will continue to serve as a member of the Board. We remain confident in Southwest's trajectory and we look forward to continuing our constructive engagement as the Company executes its plan to drive long-term value.
About Elliott
Elliott Investment Management L.P. (together with its affiliates, "Elliott") manages approximately
Media Contact:
Casey Friedman
Elliott Investment Management L.P.
(212) 478-1780
cfriedman@elliottmgmt.com
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SOURCE Elliott Investment Management L.P.
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