Southwest CFO to Exit in Latest Shakeup After Activist Fight

Southwest Airlines Co.’s top finance executive plans to step down after more than 33 years with the carrier, extending a leadership overhaul in the wake of an activist campaign by shareholder Elliott Investment Management.

Chief Financial Officer Tammy Romo, 62, will retire effective April 1, Southwest said Thursday in a statement. Chief Administration Officer Linda Rutherford, 58, will also depart on the same date, ending the tenures of the airline’s highest-ranking female executives. Southwest said it would begin a search for Romo’s replacement.