Herb Kelleher

Herbert D. Kelleher

Herb Kelleher at the 2007 Tony Jannus Awards
Born (1931-03-12) March 12, 1931
Camden, New Jersey, U.S.
Alma mater Wesleyan University
New York University
Known for Founder of Southwest Airlines

Herbert "Herb" David Kelleher (born March 12, 1931) is the co-founder, Chairman Emeritus, and former CEO of Southwest Airlines (based in the United States).

Early life and career

Kelleher was born in Camden, New Jersey on March 12, 1931 and raised in Audubon, New Jersey, where he graduated from Haddon Heights High School.[1] He has a bachelor's degree from Wesleyan University where he was an Olin Scholar and where his major was English and his minor Philosophy, and a Juris Doctor from New York University where he was a Root-Tilden Scholar.[2] At Wesleyan he was a member of Delta Kappa Epsilon fraternity. He is married to the former Joan Negley and they have four children.

Career

The Kellehers moved to Texas intending to start a law firm or a business. Kelleher and one of his law clients, Texas businessman Rollin King, created the concept with banker John Parker that later became Southwest Airlines on a cocktail napkin in a San Antonio, Texas restaurant. From its birth in 1971 — after overcoming a year's worth of legal challenges from competitors who tried to keep it grounded — Southwest succeeded by a strategy of offering low fares to its passengers, eliminating unnecessary services, and avoiding the "hub-and-spoke" scheduling system used by other airlines in favor of building traffic in such secondary airports as Chicago-Midway (instead of Chicago-O'Hare) and Orange County.

During his tenure as CEO of Southwest, Kelleher's colorful personality created a corporate culture which made Southwest employees well known for taking themselves lightly—often singing in-flight announcements to the tune of popular theme songs—but their jobs seriously. How different the company culture is can be seen in an arm-wrestling event in March 1992. Shortly after Southwest started using the "Just Plane Smart" motto, Stevens Aviation, who had been using "Plane Smart" for their motto, threatened a trademark lawsuit, which was resolved between Herb Kelleher and Stevens Aviation CEO Kurt Herwald in an arm-wrestling match, now known as "Malice in Dallas".[3][4] Southwest has never had an in-flight fatality. Southwest is consistently named among the top five Most Admired Corporations in America in Fortune magazine's annual poll. Fortune has also called him perhaps the best CEO in America. Kelleher was inducted into the Junior Achievement U.S. Business Hall of Fame in 2004.

On July 19, 2007, Southwest Airlines announced that Kelleher would step down from the role of Chairman and resign from the board of directors in May 2008, though he would remain a full-time employee for another five years.[5] Kelleher ultimately stepped down as chairman on May 21, 2008. Immediately following, Southwest Airlines named current CEO, Gary C. Kelly the new Chairman of the Board of Directors.[6]

In July 2010 Kelleher was appointed Chair of the Federal Reserve Bank of Dallas board of directors for 2011.[7] Kelleher's term expired in 2013. Previously, he had served as Deputy Chair.[8][9]

Awards

References

  1. ↑ Blackwell, Charles W. "Flying High with Herb Kelleher: A Profile in Charismatic Leadership.", Journal of Leadership Studies, June 22, 1999. Accessed November 2, 2007. "Graduating from Haddon Heights High School where he distinguished himself as an athlete and student body president, Kelleher's first job was at Campbell Soup Company where he worked for six summers, joining his dad who was General Manager."
  2. ↑ "Kelleher: Southwest Has Never Furloughed an Employee — Here's Why". Cnbc.com. 2011-07-12. Retrieved 2015-08-14.
  3. ↑ "Southwest Airlines "Malice in Dallas" Part One (of Six)". YouTube. 2009-02-19. Retrieved 2015-08-14.
  4. ↑ "Malice in Dallas | Kevin & Jackie Freiberg". Freibergs.com. 1992-03-23. Retrieved 2013-07-29.
  5. ↑ Archived September 30, 2007, at the Wayback Machine.
  6. ↑
  7. ↑ "Fed Announces Chairs of Regional Banks for 2011". The Wall Street Journal. July 19, 2010.
  8. ↑ "2009 News Releases". Dallas Fed. 2009-01-21. Retrieved 2015-08-14.
  9. ↑ Herbert D. Kelleher. "Herbert D. Kelleher: Executive Profile & Biography - Businessweek". Investing.businessweek.com. Retrieved 2015-08-14.
  10. ↑ "Tony Jannus Award past recipients". Tony Jannus Society. Retrieved 2010-03-09.

External links

This article is issued from Wikipedia - version of the Thursday, April 28, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.