Willie Walsh, who created British Airways parent IAG by dragging old-fashioned flag carriers into the modern age of budget flying, will step down in March to be replaced by Iberia boss Luis Gallego. Walsh, who had announced in November that he intended to retire in the next two years, will be succeeded by the man credited with turning round IAG-owned Iberia since on March 26, IAG said on Thursday. The appointment of Gallego, CEO of Iberia since 2014, meant there would be little change of direction at IAG, analysts said.
