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Southwest Airlines Sets Executive Transition Plan

 

Southwest Airlines (LUV) named James F. Parker vice chairman and chief executive and appointed Colleen C. Barrett president and chief operating officer, effective June 19.

Herb Kelleher, the airline's chairman, president and CEO, will continue as chairman of the board and chairman of the executive committee.

Parker, who has worked at Southwest, which is based in Dallas, since 1986, currently serves as the airline's vice president and general counsel. Barrett is currently Southwest's executive vice president and has worked with the company since 1978.

Shares of Southwest fell 34 cents, or 1.9%, to $17.55 in recent New York Stock Exchange trading.

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