Iberia‘s executive chairman Antonio Vazquez Romero has been confirmed as chairman of International Consolidated Airlines Group (IAG), the holding company formed by the airline’s merger with British Airways.
BA chairman Martin Broughton will be deputy chairman of IAG, while BA chief executive Willie Walsh will become the group chief executive.
BA chief financial officer Keith Williams will step up to replace Walsh as BA chief executive and Rafael Sanchez-Lozano Turmo will be chief executive of Iberia.
Naming the 14-strong board is one of the final steps towards the planned merger, which has already cleared all regulatory hurdles.
The board includes nine non-executive directors, including former US treasury secretary John Snow, who was part of George W Bush’s government, former Unilever chief executive Patrick Cescau, former PricewaterhouseCoopers chairman Kieran Poynterand Baroness Denise Kingsmill.
Meetings to seek shareholder approval of the merger are planned for later this year.
By Linsey McNeill
