International Airlines Group (IAG) announced on 9 January that Willie Walsh has decided to retire as chief executive. He will stand down from the role, as well as the board, on 26 March 2020. Walsh will retire on 30 June 2020.
The new chief executive for IAG will be Luis Gallego, who is currently Iberia chief executive.
“Willie has led the merger and successful integration of British Airways and Iberia to form IAG. Under Willie’s leadership, IAG has become one of the leading global airline groups”, Antonio Vázquez, IAG’s chairman commented.
“Willie has been the main driver of this unique idea that is IAG. I hugely admire his commitment, strong leadership and clear vision, always ready to take on whatever challenges lay ahead of him.”
Willie Walsh commented: “It has been a privilege to have been instrumental in the creation and development of IAG. I have had the pleasure of working with many exceptional people over the past 15 years at British Airways and at IAG.”
“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”.
Luis Gallego said: “It has been a great pleasure to work with Willie over the last seven years. It is a huge honour to lead this great company. It is an exciting time at IAG and I am confident that we can build on the strong foundations created by Willie“.
Luis Gallego’s successor at Iberia will be announced in due course.
The group reported on 9 January that traffic for its airlines, measured in revenue passenger kilometres, increased in December by 6.4 per cent versus the same period last year. Capacity measured in available seat kilometres increased by 2.0 per cent versus the same period last year.
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