Southwest Airlines said on Wednesday its chief transformation officer, Ryan Green, will step down from his role, months after the carrier reached an agreement with activist investor Elliott Investment Management.

The airline's Executive Vice President & Chief Transformation Officer Ryan Green's departure coincides with the company’s first major layoffs in its history. Southwest said his departure is unrelated to the 11 senior officials laid off earlier this week.

A top Southwest Airlines executive is leaving the troubled carrier, just as it moves to reinvent itself while satisfying the demands of an activist

The company said this departure is separate from the 11 other senior level positions that were laid off in February.

A day after announcing the first employee layoffs in its history, Southwest says its Chief Transformation Officer Ryan Green is stepping down effective April 1. Green’s career at the airline spans roughly two decades, and his departure occurs as Southwest is embarking on key revenue initiatives...

Southwest Airlines EVP and chief transformation officer Ryan Green on April 1 will step down from his position, according to a U.S. Securities and Exchange Commission filing.

Southwest Airlines is caving further to pressure from minority stakeholder Elliott Investment Management, which has been granted permission to own a greater share of the company's outstanding stock.

Southwest Airlines has announced layoffs at its Dallas headquarters. The company will be laying off 15% of its corporate employees, which is about 1,750 individuals.