The Board of Directors of Southwest Airlines has appointed Rakesh Gangwal as a member of the Board, effective July 7. Gangwal is an experienced airline executive and entrepreneur, known for co-founding India's largest airline, IndiGo. His appointment comes amid demands for change from activist investor Elliott Investment Management.
Before co-founding IndiGo in 2006, Gangwal served as Chairman, President and Chief Executive Officer of Worldspan Technologies, a provider of technology and information services to the travel and transportation industry. Prior to his time at Worldspan, Gangwal served as President and Chief Executive Officer of US Airways Group, and previously as its Chief Operating Officer. Gangwal has also held executive roles at Air France and United Airlines.
“I am delighted to welcome Rakesh, who brings to our Board decades of valuable experience as an executive and entrepreneur at some of the world's leading airlines,” said Gary Kelly, Executive Chairman of the Board. “Having co-founded IndiGo and grown it into India's largest airline, Rakesh knows the importance of building a business that has both a distinct culture and enduring profitability.”
In addition to having served on the board of InterGlobe Aviation, Gangwal has also served on several other public company Boards, including US Airways Group, CarMax, Office Depot, OfficeMax, and PetSmart. Gangwal earned a Bachelor of Technology degree from the Indian Institute of Technology and a Master of Business Administration from The Wharton School at the University of Pennsylvania.
Gangwal's appointment continues the Board's deliberate efforts to evolve its composition to comprise professionals with a diverse range of skills and experience in areas critical to Southwest Airlines' business, including aviation, travel, finance, technology, consumer services, governmental affairs, human capital, environmental and sustainability, and logistics and operations. As part of its continued refreshment efforts, the Board has appointed a total of eight new independent and highly qualified Directors, including Gangwal, over the last three years.
