On 24 January 2011, Willie Walsh became chief executive of IAG, which is the parent company of BA and Iberia. Both airlines are members of the Oneworld alliance. It was announced on 9 January 2020 that he would be stepping down as CEO in March 2020, however Walsh announced on 16 March that he intended to delay his retirement in order to help the airline trade through the outbreak of COVID-19. Willie Walsh officially retired from IAG in September 2020, and was succeeded by Luis Gallego.