Southwest Airways president Tom Nealon will retire from the provider instantly, the corporate introduced Monday, three months after Nealon was handed over for the CEO job.
Nealon, 60, has been at Dallas-based Southwest Airways for 10 years and had earlier management stints at distinguished firms based mostly in North Texas reminiscent of J.C. Penney and Frito-Lay.
In June, Southwest CEO Gary Kelly introduced he’ll retire early subsequent 12 months and chosen longtime firm government Bob Jordan to take his place. Nealon was an apparent candidate as a successor to the CEO place however didn’t get the job.
Nealon will keep on at Southwest as a “strategic adviser,” the corporate stated.
“I’m honored to have served Southwest all through the years in a number of totally different capacities, and particularly to have been president of one of the best airline within the enterprise,” Nealon stated in a press release. “I look ahead to persevering with to serve and advise Southwest on strategic initiatives, and most significantly, on the airline’s long-term environmental sustainability plans.”
With Nealon’s departure, chief working officer Mike Van de Ven is being promoted to president, inheriting a extra expansive position as the corporate begins its largest government management transition since Kelly took over as CEO in 2004.
Nealon is a longtime North Texas resident, first coming to the area with Frito Lay within the early Eighties for a 17-year profession after which working for Denton County-based consulting agency The Feld Group for one more six. He joined Southwest in 2002 as chief info officer and stayed on till he turned CIO at J.C. Penney in 2006. He returned to Southwest in 2016 and was promoted to president a 12 months later, spending virtually 5 years in a significant position working the airline’s operations.
Nealon additionally sits on the boards of Fossil Group Inc., Academy Sports activities and Outdoor and the College of Dallas, the place he obtained a grasp’s diploma in enterprise administration.
Jordan, who has served in a wide range of roles together with chief monetary officer in his three many years with the corporate, has repeatedly stated in latest weeks that the CEO transition goes nicely and that he doesn’t plan any main shakeups.
“The priorities aren’t tremendous totally different,” Jordan stated on the Cowen World Transportation and Sustainable Mobility Convention final week. “I imply the DNA of the corporate is just not altering, however I do have issues that I need to concentrate on that could be slightly bit totally different.”