November 8, 2019 / 1:23 PM / 7 days ago

IAG chief Walsh says he plans to retire in the next two years

FILE PHOTO: Willie Walsh, CEO of International Airlines Group speaks during the closing press briefing at the 2016 International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Dublin, Ireland June 3, 2016. REUTERS/Clodagh Kilcoyne

LONDON (Reuters) - Willie Walsh, the chief executive of British Airways owner IAG (ICAG.L), said on Friday he planned to retire within the next two years.

“I have indicated that I’m clearly getting closer to retirement... the board has been working for some time, as you would expect, on succession planning,” Walsh said at IAG’s annual capital markets day.

He plans to retire before his sixtieth birthday on Oct. 25, 2021, he said. “I still love what I do, but my intention is to be retired within the next two years.”

Reporting by Alistair Smout; Editing by Jan Harvey

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