British Airways-owner IAG says Willie Walsh to stand down
), will step down in June from the airlines group he helped build and hand the reins to Luis Gallego, current CEO of IAG’s Iberia.
Walsh said in November that succession planning was under way as he intended to retire as chief executive in the next two years. Gallego has been CEO of Iberia since 2014. He became CEO of British Airways in 2005 and oversaw its merger with Iberia in 2011 to form IAG. He has since expanded IAG through acquisitions.
“Luis has been a core member of the team and has shown true leadership over the years and I have no doubt he will be a great CEO of IAG,” Walsh said in a statement on Thursday.
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