IAG Chief Executive Willie Walsh to Retire in June

Willie Walsh

Aer Lingus owner International Airlines Group (IAG) has said that Willie Walsh has made a decision to retire as chief executive.

Gallego, who started his career in the airline industry in 1997 with Air Nostrum and has been CEO of Iberia since 2014, said he was confident he could build on the strong foundations built by Walsh.

"IAG has good succession planning in place and we see the promotion of Luis Gallego as a good option", he added.

He was BA chief executive before overseeing its merger with Iberia in 2011, a deal that created an airline group which has since outperformed rivals Air France and Lufthansa, and sought to compete with budget disrupters Ryanair and easyJet. After advancing to a captain's position he was appointed as CEO of Spanish charter airline Futura in 1998 which he left again in 2000 to become the COO (Chief Operating Officer) at Aer Lingus.

IAG chairman Antonio Vazquez noted the company had become one of the world's leading airline groups under Walsh's leadership.

Willie Walsh has been CEO of IAG, which comprises Aer Lingus, British Airways, Iberia, Vueling and other airlines, since its formation in 2011.

GOP Sen. Lee Calls Trump Officials 'Deeply Upsetting' on Iran Questions
Susan Collins, R-Maine, is noncommittal, though she voted for a similar measure past year . The Oklahoma Republican will not be supporting the war powers resolution on Thursday.

Walsh began his airline career as a cadet pilot at Aer Lingus in 1979.

"Willie Walsh leaving BA has been telegraphing very well, so the moderate rise in IAG stocks probably reflects better market sentiment", said London Capital Group analyst Jasper Lawler.

For 2019, British Airways numbers were 1.6% higher, Iberia up 7.2%, Aer Lingus up 2.4%, Level more than doubled, and vueling up 5.6%. "I hugely admire his commitment, strong leadership and clear vision, always ready to take on whatever challenges lay ahead of him".

He will take over his new role on March 27th, and take full control over IAG once Willie Walsh has fully stepped down from his positions by June 30th.

"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 chief executive of IAG".

IAG shares rose after the announcement in early trading on Thursday morning, up 1.2% on the previous day.

Related News:

Most liked

Dog the Bounty Hunter Breaks Silence About Girlfriend Rumors
Unfortunately, it looks there won't be a fresh start between these two in 2020 because Lyssa slammed Angell again on January 6. I'm Dog Bounty Hunter. "But, I don't want you to get lost in hopelessness". "But they got to know the whole story".

British Parliament clears Boris Johnson's Brexit deal
The bill will now go to the United Kingdom legislature's upper chamber - the House of Lords - for further examination next week. With the passing of the deal, the biggest hurdle in the Brexit has been cleared.

Modern Family's Final Season Was "Uncharted Territory" For Creators
If you're a cord-cutter or don't have cable, you can live stream " Modern Family " on Hulu Live TV . Other details on how each story line will wrap up are not yet available.

Fargo Season 4 Forged, Release Date, Plot, Information, and More
Together they control an alternate economy - that of exploitation, graft and drugs. To cement their peace, the heads of both families have traded their youngest sons.

Ukrainian jet 'trying to turn back' when it crashed, Iranian report claims
Then something went wrong, though "no radio messages were received from the pilot regarding unusual situations", the report said. While the Ukrainian officials at first agreed, later they claimed that it was too soon to determine the cause of the tragedy.

House votes to limit Trump's power to hit Iran militarily
Without elaborating, O'Brien said possible targets of the attack included "Both diplomats and soldiers, sailors, airmen, Marines". But the administration has yet to publicly disclose the intelligence that showed a threat was "imminent".

Nicholas Hoult Joins Tom Cruise for Future Mission: Impossible Movies
Hoult was allegedly up for the job of Goose's baby in Cruise's Prime Gun: Maverick, which is booked to discharge this late spring. While the actor failed to land that part, his meeting with Cruise paved the way for his role in the upcoming film.

Statement from Cricket Australia: Chris Green
He was then tested at the Bupa National Cricket Centre in Brisbane on Sunday 5 January, under the supervision of Dr Luke Kelly. However, should Thunder or New South Wales opt to play him exclusively as a batsman, it will be permitted.

Samsung Galaxy Bloom name confirmed for incoming foldable flagship
This is definitely a positive for Samsung, but there's still not a lot of 8K content out there. Now Huawei chose to respond with information on how its foldable Mate X is doing.

Google to offer Android users privacy-friendly search engine alternatives
A Google spokesman declined to provide comment, instead directing BI to a descriptive article about the topic on its website. The selection screen controls which engine appears as the default in Chrome and the home screen search widget.

EPL: Cole considered as West Ham coach
The Hammers have won back-to-back matches, against Bournemouth and Gillingham, since Moyes replaced Manuel Pellegrini as manager.

Huami launched Amazfit T-Rex smartwatch, priced at 699 yuan ($100)
Huami said the ZenBuds' expected launch window will fall sometime in February this year, with USA pricing coming in at $149.90. Dubbed as Amazfit PowerBuds , the device is available in three colour options including Black, White and Yellow.

House votes to curb Trump's powers to take military action against Iran
The vote was mostly split along party lines, with 224 in favor and 194 against in the Democrat-controlled legislature. He added, "So, the only way the President can act is defensively".

Pokemon Sword and Shield Expansion Pass announced, comes with two new areas
A demo will be available later today at 7am PT / 10am ET / 9pm United Kingdom , and save data can be transferred to the full game. In Pokemon Mystery Dungeon: Rescue Team DX , players discover that they are a human who has been turned into a Pokemon .

‘Doctor Strange’ Director Scott Derrickson Exits Sequel
Multiverse of Madness is itself a reference to the masters of horror and weird, director John Carpenter and author H.P. Production is still expected to commence in May as the studio is now in search of a replacement.