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

Willie Walsh, the chief executive of British Airways owner IAG, 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."