Head Topics

Walsh to bow out after building British Airways parent IAG

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

International Airlines Group , owner of British Airways, Iberia and other airlines, said Chief Executive Willie Walsh would stand down in March ...

LONDON: Willie Walsh, head of British Airways parent firm IAG, 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.

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.Goodbody analyst Mark Simpson said the appointment would mean little change in IAG's strategy and would be welcomed by investors.

It was at Aer Lingus where he formed the template for his strategy, benefitting from a front-row seat to the rapid expansion of budget rival Ryanair.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

British Airways-owner IAG says Willie Walsh to stand downInternational Airlines Group , owner of British Airways, Iberia and other airlines, said Chief Executive Willie Walsh would stand down in March ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

British Airways-owner IAG says Willie Walsh to stand downInternational Airlines Group , owner of British Airways, Iberia and other airlines, said Chief Executive Willie Walsh would stand down in March ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

'Shot across the bow': US increases pressure on UK ahead of key Huawei decisionThe United States is making a final pitch to Britain ahead of a U.K. decision on whether to upgrade its telecoms network with Huawei equipment, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

'Shot across the bow': US increases pressure on Britain ahead of key Huawei decisionThe United States is making a final pitch to Britain ahead of a U.K. decision on whether to upgrade its telecoms network with Huawei equipment, ... 🏹
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »