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Southwest Urged by Second Big Investor to Replace Leadership
- Artisan Partners joins activist in push for reforms at carrier
- CEO has ‘no plans to resign’ after Elliott called for overhaul
Bob Jordan
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
A second major Southwest Airlines Co. investor has joined the call for a shakeup in the carrier’s board and executive leadership team, upping the pressure for change.
Artisan Partners Limited Partnership, Southwest’s ninth-largest shareholder, urged the board in a letter on Wednesday to “reconstitute itself and upgrade company leadership” in order to fairly assess the path forward for the airline.