- Push-out Score determined
- After about nine years in the position
- Accolades and praise for Walsh
- Luis Gallego taking over
- Walsh said 68 words
(exechange) — La Munoza, Madrid, January 9, 2020 — Willie Walsh, chief executive of IAG, leaves his position. As announced by International Consolidated Airlines Group SA in a news release on Thursday, January 9, 2020, William Matthew (Willie) Walsh leaves his post as chief executive officer at the Anglo-Spanish multinational airline holding company after about nine years in the role, effective March 26, 2020.
Walsh leaves the company effective June 30, 2020.
Willie Walsh’s duties as CEO will be taken over by Luis Gallego, currently Chief Executive Officer of Iberia.
Luis Gallego’s successor at Iberia will be announced in due course.
No reason given
In the announcement, IAG did not explicitly explain the reason for Willie Walsh’s move.
Precise information regarding Willie Walsh’s future plans was not immediately available.
“Retire”
IAG said: “Willie Walsh has decided to retire as chief executive. He will stand down from the role and from the Board of IAG on 26 March 2020 and will retire on 30 June 2020.”
The announcement comes after Walsh said last November that he would step down within two years, before his 60th birthday.
Share price increase since January 2011
The announcement follows an increase in International Consolidated Airlines Group SA’s share price of 141% since January 2011.
Chaired by Antonio Vázquez
International Consolidated Airlines Group SA is chaired by Antonio Vázquez.
In the position of CEO since 2011
Willie Walsh became CEO of the Company in 2011.
On January 24, 2011, Willie Walsh became chief executive of IAG, which is the parent company of BA and Iberia.
Other Group appointments: Chairman, Aer Lingus Board of Directors.
Current external appointments: Chairman, Airlines for Europe (A4E)
Previous relevant experience: Chairman, National Treasury Management Agency of Ireland, 2013-2018. Chairman, IATA Board of Governors 2016-2017. Chief Executive Officer, British Airways 2005-2011. Chief Executive Officer, Aer Lingus 2001-2005. Chief Operating Officer, Aer Lingus 2000-2001. Chief Executive Officer, Futura (Aer Lingus’ Spanish Charter airline) 1998-2000. Joined Aer Lingus as cadet pilot in 1979.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to IAG and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 2.2020 ($).