Adds background, element
Adds background, element
LONDON, Jan 9 (Reuters) – Willie Walsh, the chief govt of British Airways-owner IAG ICAG.L, will step down from the airways group he helped to construct later this yr and hand the reins to a key lieutenant, Luis Gallego.
Walsh had stated in November that succession planning was underway as he meant to retire within the subsequent two years. He can be changed by Gallego – the CEO of IAG-owned Iberia since 2014.
Walsh has been CEO of IAG, which includes British Airways, Iberia, Aer Lingus, Vueling and different airways, since its formation in 2011, overseeing the unique merger between BA and Iberia, after which rising the group by acquisition since.
IAG chairman Antonio Vazquez stated that Luis was the best candidate to steer IAG within the subsequent stage of its growth, whereas Walsh additionally gave the appointment his blessing.
“Luis has been a core member of the workforce and has proven true management through the years and I…