Iberia Chairman Conte Steps Down,Antonio Vazquez To Take Over
July 09 2009 - 7:32AM
Dow Jones News
Iberia Lineas Aereas de Espana SA (IBLA.MC) said Thursday its
Chairman Fernando Conte had resigned, after months of merger talks
with peer British Airways (BAY.LC).
Iberia, Spain's largest airline, said in a filing to the Spanish
market regulator that the former Iberia board member Antonio
Vazquez would replace Conte.
The company added Rafael Sanchez-Lozano will be the company's
new chief executive.
The management shake-up comes after months of tie-up talks
between Iberia and British Airways that began last year.
Company Web site: http://www.iberia.com
-By Jason Sinclair, Dow Jones Newswires; 34 91 395 8127;
jason.sinclair@dowjones.com