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Willie Walsh was replaced as IAG’s Chief Executive by Luis Gallego today, after the Annual General Meeting of the British Airways parent company.
Commenting on his new role, former Iberia Chief Executive, Mr Gallego said:
“It’s an honour to become IAG’s chief executive, following in Willie’s footsteps and building on all that he has achieved in the past nine years.
This is a hugely difficult time for our industry. Not only do we face the immediate challenge of Covid but we must ensure that IAG is strong and resilient when it emerges from the crisis. The Group was in good shape before Covid with a history of strong profitable growth. We have a portfolio of world class brands, acquired through selective M&A, in which we have invested effectively for the benefit of our customers while keeping costs under control. My goal is to ensure that IAG adapts to the “new normal” in aviation and builds on its strengths to secure a strong future for the Group, our customers, shareholders and employees”.
There is no doubt that it is a uniquely difficult time to reach the top at IAG, and for the sake of passengers, staff and shareholders, we wish Luis Gallego the best of luck.
For better or worse, Willie Walsh was a true titan of the aviation industry (having spent 41 years in it, originally as a pilot).
How would you describe his time with BA and IAG? – let us know in the comments! 😉