International Airlines Group (IAG) has announced that their chief executive Willie Walsh is to step down as he is to retire after 15-years with the company.
IAG who own British Airways said Walsh will step down from the role and the board on 26 March and will retire on 30 June.
The new chief executive and board member will be Iberia’s chief executive Luis Gallego.
Walsh said, “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.”
Adding, “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.”