Key TakeawaysNovo Nordisk A/S ([NOVO B](/stock/NOVO B)) has proposed Lars Rebien Sørensen as the new interim Chair of its board of directors, effective until the next Annual General Meeting (AGM).The nomination follows a significant board overhaul, with current Chair Helge Lund and six other board members stepping down due to recent market challenges and a decline in the company's share price since mid-2024.The Novo Nordisk Foundation, the majority voting shareholder of Novo Nordisk through Novo Holdings A/ ...

Core Viewpoint - The unexpected resignation of Rakesh Gangwal as chair of Southwest Airlines' board has caused investor unease, leading to a nearly 4% drop in the airline's stock price [1][2]. Group 1: Leadership Changes - Rakesh Gangwal resigned from his position as chair of the board, effective immediately, with Doug Brooks appointed as his replacement [2]. - Gangwal will remain a director and will head a newly formed fleet oversight committee responsible for monitoring aircraft-acquisition activities [4]. Group 2: Company Challenges - Southwest Airlines has faced challenges due to aggressive competition from discount airlines, resulting in a decline in stock popularity [5]. - Activist investment firm Elliott Management acquired a stake in Southwest in mid-2024 and has been advocating for changes in board composition and corporate strategy [5]. Group 3: Investor Sentiment - Following the announcement of Gangwal's resignation, Elliott Management expressed gratitude for his service and maintained confidence in Southwest's future trajectory [6].