Indian billionaire and IndiGo co-founder Rakesh Gangwal has been appointed Chairman of Southwest Airlines. Gangwal, who recently invested USD 108 million in Southwest, takes the helm following the airline's settlement with Elliott Investment Management.

Southwest Airlines has named Rakesh Gangwal as the independent chair of the board of directors. Gangwal, an airline executive and entrepreneur, has been a member of the Southwest Airlines board of directors since July 8.

Southwest Airlines has named former US Airways CEO Rakesh Gangwal as its new independent chair of the board of directors. Gangwal joined the board in July, shortly after activist investor Elliott Investment Management disclosed a stake in the Dallas-based ...