British Airways chief executive Keith Williams and his Iberia counterpart Luis Gallego are to step down from the IAG board in January, and add chairman duties to their respective roles at the subsidiary airlines.
Both will continue to report to IAG chief Willie Walsh.
The current non-executive chairmen of Iberia and BA – Antonio Vázquez and Martin Broughton, respectively – will, having resigned these positions, focus on their IAG board functions. Vázquez chairs IAG. Broughton is his deputy and a senior independent director.
Following the reshuffle, IAG's board will have 12 members.