Feb 19 (Reuters) - Southwest Airlines ( LUV ) 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 Dallas-based budget airline also amended the cooperation

agreement with Elliott, raising the investor's maximum allowable

stake to 19.9% from the previous limit of 14.9%.

Green, who was in charge of the airline's transformation

strategy including its transition to assigned and premium

seating, will step down from his position effective April 1,

2025, the company said in a filing.

His exit comes days after the airline said it would cut

about 15% of corporate jobs, or about 1,750 roles, as it looks

to reduce costs and streamline its organizational structure.

Elliott had spent months advocating for a board overhaul and

the removal of Southwest ( LUV ) Chairman Garry Kelly and CEO Bob

Jordan, holding them responsible for the airline's

underperformance.

Last October, Southwest ( LUV ) and Elliott ended the bitter

months-long boardroom battle, allowing Jordan to retain his job

by making bigger board-level concessions. The deal led to Kelly

accelerating his retirement by a few months.

(Reporting by Anshuman Tripathy in Bengaluru; Editing by

Saumyadeb Chakrabarty)