Vázquez to step down as IAG chairman

The board of administrators of World Airways Crew has authorized the succession plan for its chairman, Antonio Vázquez.

Having reached 9 years in place of job final January, the utmost really helpful in the United Kingdom company governance code, Vázquez will step down in January.

In his position, the board has unanimously authorized the appointment of impartial director Javier Ferrán.

Vázquez will proceed to chair the board of administrators for the rest of 2020 matter to his proposed re-election as director being authorized through the following annual normal shareholders assembly.

This will likely allow him to give a boost to the succession of the following leader govt, with Willie Walsh anticipated to leave within the coming months.

Walsh stated: “I sincerely recognize Antonio’s paintings within the introduction and building of the crowd.

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“The control staff and I’ve all the time counted on his dedication, willpower and give a boost to.

“Antonio has proven nice management in his control of the board and has succeeded in getting the most productive out of everybody in just right occasions and unhealthy.

“In combination we’ve got created a gaggle that has grow to be a benchmark within the aviation business.”

World Airways Crew is without doubt one of the biggest airline teams on the earth with 548 plane.

It’s the 3rd biggest team in Europe and the 6th biggest on the earth, in line with income.

Ferrán stated: “This is a large privilege to grow to be IAG chairman and take over from Antonio.

“I wish to thank my fellow board participants for his or her give a boost to and agree with.

“I’m dedicated to main the crowd via this disaster and dealing with Luis to construct a robust long term, during which the crowd will proceed to take a number one position within the business.”

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