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Southwest Airways Appoints Robert Fornaro to New Board of Administrators
Thursday, September 26, 2024
Southwest Airways Co. (NYSE: LUV) has introduced the appointment of Robert “Bob” Fornaro to its Board of Administrators, efficient instantly.
Fornaro, a veteran airline government with over 40 years of expertise, beforehand served on the board and as CEO of Spirit Airways, the place he led vital progress and transformation efforts. Earlier than that, he was the President and CEO of AirTran Holdings Inc. till its acquisition by Southwest Airways. Fornaro additionally consulted for Southwest from 2011 to 2014 and once more from 2020 to 2024.
“Bob brings unparalleled industry expertise and leadership to our Board,” stated Gary Kelly, Govt Chairman of Southwest Airways. “His deep understanding of our business model and strategic direction, combined with his experience in leading airlines through periods of transformation, will be invaluable as we continue our Board refreshment and drive the company’s success forward.”
Fornaro expressed pleasure about becoming a member of the Board, stating, “Southwest Airlines has a rich history and an exciting future. I look forward to working alongside the Board and the Leadership Team to help guide the company’s strategic plans and deliver meaningful results for our shareholders.”
This appointment is a part of Southwest Airways’ broader effort to refresh its Board, which has seen the addition of ten new administrators previously three years, together with Rakesh Gangwal, co-founder of IndiGo, and Lisa Atherton, CEO of Bell. Southwest additionally introduced plans for six retirements in November 2024 and the appointment of three new impartial administrators, together with a transition in government management on the 2025 Annual Assembly.
Fornaro at present serves on the boards of Avianca and WestJet, and holds a grasp’s diploma from Harvard College and a bachelor’s diploma from Rutgers School.
