United CEO Oscar Munoz to step down in May

United Airlines on Thursday said CEO Oscar Munoz will turn over day-to-day management of the airline next spring to President Scott Kirby, who will become company's chief executive officer. The transition will happen In May when Munoz transitions to the role of executive chairman of United, while the airline's current Chairman, Jane Garvey, will retire from the board of directors. CNBC's Phil LeBeau reports.
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Thu, Dec 5 20198:12 AM EST