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Founding Chairman Herb Kelleher to remain at Southwest Airlines until 2007.
Knight Ridder/Tribune Business News, October, 2004
By Eric Torbenson, The Dallas Morning News Knight Ridder/Tribune Business News
Oct. 15--Herb Kelleher, co-founder and spiritual heart of Southwest Airlines Co., will remain chairman for three more years under a contract signed this summer, the Dallas-based carrier revealed in a regulatory filing Thursday.
Earlier this year, Southwest's board waived its mandatory retirement age to accommodate Mr. Kelleher, 73, who stepped down as chief executive in 2001.
A vigorous and enthusiastic Mr. Kelleher said last week his time remains focused on strategic planning for the carrier as well as serving on national committees related to air travel safety.
Mr. Kelleher will continue to receive $450,000 annually in base salary under the...
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