DALLAS, Aug. 30, 2012 /PRNewswire/ -- Southwest Airlines (NYSE: LUV) today announced that its Senior Vice President of Finance and Chief Financial Officer, Laura Wright, has advised the Company of her decision to retire.
Gary Kelly, Southwest's Chairman, President, and CEO, said that Wright's decision was accepted with profound gratitude for her many significant contributions to the success of Southwest over the course of the last 25 years: "Laura has played a key role in the strong financial positioning of Southwest Airlines during the most challenging and difficult times our industry has ever faced," he said. "She has been a Leader who is respected throughout our Company, our industry, and the financial community."
Under Wright's leadership, Southwest has maintained the strongest balance sheet in the American airline industry; the best fuel hedging position in our industry; and an award-winning aircraft financing strategy.
Kelly also announced that Tammy Romo has been named to succeed Wright as Senior Vice President of Finance and Chief Financial Officer. Romo has been serving Southwest as Senior Vice President of Planning. She joined Southwest in 1991 as Manager of Financial Reporting and has previously served as Director of Investor Relations, Vice President - Treasurer, Vice President - Controller, and Vice President of Financial Planning. Prior to joining Southwest, Romo was an audit manager at Coopers & Lybrand, LLP."We are fortunate to have a deep and knowledgeable leadership bench," Kelly said. "Tammy is an excellent choice based on her strong accounting and technical background, outstanding strategic planning capabilities, and deep knowledge of our Company and overall corporate finance strategy." Romo said: "I look forward to working with our superb Finance organization to continue executing on our well-planned strategies and initiatives designed to enhance Shareholder value. We have great momentum on our plans, and I am honored to step into this role."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV