United Airlines CEO Oscar Munoz to step down and become executive chairman

CHICAGO — United Airlines CEO Oscar Munoz stepping down from his post. Munoz will transition to executive chairman in May 2020.

The company said Thursday that President J. Scott Kirby will become the airline’s new CEO. Munoz led the company through a choppy period, and in 2017 gave up his bonus after the forcible removal of a ticketed passenger led to widespread criticism.

Shares of United Airlines Holdings Inc., based in Chicago, are up 5% this year.

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