SOUTHWEST AIRLINES NAMES NEW CHAIRMAN OF THE BOARD Executive Changes Announced After Annual Shareholders’ Meeting DALLAS—May 21, 2008—Today, Southwest Airlines Board of Directors elected Gary Kelly, Southwest’s Chief Executive Officer, as its Chairman of the Board. The airline announced that Kelly will also assume the title of President when Colleen Barrett’s employment contract expires on July 15, 2008 making Kelly CEO, Chairman, and President at that time. Additionally, the Board of …