British Airways CEO steps down in shakeup at parent IAG

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BLONDON (BLOOMBERG) - British Airways chief executive officer Alex Cruz is being replaced, just weeks after fellow Spaniard Luis Gallego took over as head of parent company IAG.. Read more at straitstimes.com.

BLONDON - British Airways chief executive officer Alex Cruz is being replaced, just weeks after fellow Spaniard Luis Gallego took over as head of parent company IAG.

Mr Cruz is leaving after being passed over in January as replacement for the group's chief, Willie Walsh, who retired as IAG head last month after 15 years in the job. Mr Cruz, 54, joined IAG when the London-based group bought out Vueling, the discount carrier he headed. UNION CLASHES This year, Mr Cruz clashed with unions and politicians over plans to slash as many as 12,000 jobs as the coronavirus pandemic wiped out demand for travel.

The shakeup marks Gallego's first major move at the helm of IAG, a transition delayed for several months by the health crisis.

 

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