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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
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'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China

Southwest's president retires suddenly; didn't get CEO job


This July 17, 2019 file photo shows Southwest Airlines planes at Phoenix Sky Harbor International Airport in Phoenix. Southwest Airlines President Tom Nealon, who was once seen as a leading candidate for CEO but was passed over this year, has retired. Southwest said Monday, Sept. 13, 2021, that Nealon, 60, will still serve as an adviser focusing on environmental issues, including plans to reduce carbon emissions. (AP Photo/Ross D. Franklin, File)

DALLAS (AP) — Southwest Airlines President Tom Nealon, who was once seen as a leading candidate for CEO but was passed over this year, has retired.

Southwest said Monday that Nealon, 60, will still serve as an adviser focusing on environmental issues, including plans to reduce carbon emissions. In a statement issued by the airline, Nealon said he was honored to have served Southwest in several jobs, especially president, and looks forward to taking on a strategic role.

The airline said that Chief Operating Officer Mike Van de Ven, 59, has become president.

The company declined to make Nealon available for comment.

Nealon was once the airline's chief information officer, but left and then rejoined Southwest in 2016 in a strategy role. In January 2017, he was promoted to president, a position previously held by CEO Gary Kelly. That — along with Kelly's statement that he, Nealon and Van de Ven would form a three-headed office of the CEO — triggered speculation that Nealon would eventually ascend to the top job.

But in June, the Dallas-based airline announced that Robert Jordan, a Southwest veteran who is currently executive vice president, will become CEO upon Kelly's retirement next February.

Kelly said Monday that the transition to Jordan is “going extremely well” and officials who handle finance, legal and technology issues have begun reporting to Jordan instead of to Kelly or Nealon.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Southwest Airlines (LUV)
4.0095 of 5 stars
$29.06+1.0%2.48%38.75Hold$31.82
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