Kelleher leaving Southwest nest: Airline founder, 76, to step down as chief; president following suit

Jul. 20--Herb Kelleher, the charismatic leader who provided the public face of Southwest Airlines for more than two decades, will step down as chairman of the Dallas airline next May, 41 years after he helped found the company. Leaving with Mr...

Southwest Airlines: Helped found the company in 1967 and has remained on its board since, with the exception of the period from Aug. 5, 1975, when he resigned from the board, until April 27, 1976, when he was re-elected to the board.

Southwest chairman: March 1978 to present

President and CEO: September 1981 to June 2001

2006 compensation: $1.4 million

Market value of Mr. Kelleher's Southwest shares $59 million

Family: Wife Joan of San Antonio and four grown children

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