Southwest Airlines CFO Tammy Romo set to retire amid leadership changes

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Airbus A380 | Airbus

By Sky Industry News

Jan 12, 2025

Southwest Airlines is set to undergo significant changes in its leadership as two top executives, Tammy Romo and Linda Rutherford, prepare to retire on April 1. The announcement follows the company's recent encounters with activist investor Elliott Investment Management.

Tammy Romo has been a part of Southwest Airlines since 1991 and has held various leadership roles. She took over as executive vice president and chief financial officer in 2012. Her responsibilities included overseeing the airline’s financial activities, supply chain management, corporate fuel, fleet, and sustainability. Over her career, she received numerous accolades such as being named CEO Magazine’s Outstanding CFO for a Public Company in both 2022 and 2014.

Linda Rutherford joined Southwest Airlines in 1992 after working as a journalist. She began as a public relations coordinator before becoming chief communications officer for seven years. Her current role includes responsibilities related to culture and communication, internal audit, people talent and leadership, Total Rewards, technology, and Southwest University.

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Bob Jordan, CEO of Southwest Airlines, acknowledged their contributions: "Both have managed the Company through highs and lows—and Southwest Airlines is better because of their influence on many of our most significant achievements."

The retirements occur amidst changes spurred by Elliott Investment Management's actions against the airline's leadership earlier this year. In June, Elliott criticized the board for poor shareholder returns leading to negotiations that concluded with six new directors joining the board—five nominated by Elliott—and Gary Kelly stepping down early from his position as executive chairman.

Rakesh Gangwal became chair of the board following these developments in November. Bob Jordan expressed confidence that this new board would maintain accountability within leadership while executing transformational plans effectively.