Management ChangeAug 10, 2026, 04:12 PM
Southwest Airlines Appoints Varun Krishna & Jason Liberty to Board
AI Summary
Southwest Airlines Co. announced the appointment of Varun Krishna and Jason T. Liberty to its Board of Directors, effective immediately. Mr. Krishna serves as CEO of Rocket Companies, Inc. and interim CEO of Redfin, while Mr. Liberty is the Chair and CEO of Royal Caribbean Cruises Ltd. In connection with these appointments, the Board's size has been increased to thirteen members. The filing also detailed the compensation structure for non-employee directors, including an annual retainer, travel privileges, equity grants, and retirement payments.
Key Highlights
- Southwest Airlines appointed Varun Krishna and Jason T. Liberty as new Board members.
- Mr. Krishna is CEO of Rocket Companies, Inc. and interim CEO of Redfin.
- Mr. Liberty is Chair and CEO of Royal Caribbean Cruises Ltd.
- The Board size increased to thirteen members following the appointments.
- Non-employee directors receive an annual retainer fee of $100,000.
- Directors are eligible for equity grants with a grant date value of approximately $170,000.
- Retirement payments for directors range from $35,000 to $75,000 based on service length.
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