IAG reorganises Vueling and replaces board

Seven independent board members to present resignations

International Airlines Group is putting its stamp on its newly acquired Spanish airline Vueling. It has replaced the board and named the current chief executive, Alex Cruz, as chairman. Cruz will also continue in his role as CEO.

This follows the carrier’s delisting on Friday from stock exchanges in Barcelona, Bilbao, Madrid and Valencia.

“The seven independent board members, including the chairman [Josep Pique], will shortly present their resignation,” IAG said in a statement.

ATW reports that the former board members will be replaced by a team of as yet unnamed IAG executives, who will be more operational and focused on the airline’s day-to-day activities.

ATW

[photo courtesy Vueling]

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