Southwest Airlines announced that its chief financial officer Laura Wright is retiring.
Tammy Romo, who has been senior vice president of planning, will succeed Wright as CFO and senior vice president of finance.The change will take place on Sept. 20.
Gary Kelly, Southwest's Chairman and CEO, said that over 25 years with Southwest, "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."
Here is more from the press release:
Wright said the decision to retire was made easier by Southwest's succession planning. "We have an able successor already in place with Tammy, and an amazing Finance leadership team that won't miss a beat. I have a long list of things I'm anxious to tend to, including more time with family. With Gary's leadership and the strategies in place, I leave with confidence regarding the bright future of this great Company."
Kelly said: "Although I will personally miss Laura, I am respectful and understanding of her decision. I am also exceedingly pleased that Southwest has the demonstrated depth of management talent and leadership capability that will enable our Shareholders, Employees, and Customers to continue to be proud to be a part of the ongoing Southwest Airlines story of success."
The leadership changes will be effective Sept. 20, 2012. Wright will remain with the Company through yearend to assist with the transition. As CFO, Romo will retain her leadership over the Financial Planning and Analysis, and Strategic Planning functions from her current role.