12 Oct Coronavirus: BA boss Alex Cruz steps down as industry faces ‘worst crisis’ | Business News
British Airways chief executive Alex Cruz is stepping down from the role with immediate effect, owner International Airlines Group (IAG) said.
IAG boss Luis Gallego said the shake-up came as the company navigated “the worst crisis faced in our industry” – with demand crushed by the coronavirus crisis and thousands of jobs being axed.
BA’s new chief executive will be Sean Doyle, who is being brought in from Irish carrier Aer Lingus – also part of IAG.
It was one of a series of management changes announced by the group on Monday by Mr Gallego, who took over as IAG chief executive a month ago after the retirement of Willie Walsh.
Mr Gallego said: “We’re navigating the worst crisis faced in our industry and I’m confident these internal promotions will ensure IAG is well placed to emerge in a strong position.”
He said Mr Cruz had “worked tirelessly to modernise the airline”, adding that he had also “led the airline through a particularly demanding period and has secured restructuring agreements with the vast majority of employees”.
Mr Doyle, BA’s new boss, previously worked at the airline for 20 years before moving to head Aer Lingus two years ago.