Heathrow boss Holland-Kaye to step down

Heathrow announced on Thursday that chief executive John Holland-Kaye will step down this year after nine years in the job.

"The board would like to thank John for his exceptional leadership since 2014, building a strong management team, developing a consumer-focused culture, improving cost efficiency and putting Heathrow at the forefront of global aviation’s decarbonisation," it said.

Heathrow said the board has now initiated a selection process for Holland-Kaye’s replacement and that he will stay on until his successor starts in post.

Heathrow chair Lord Deighton said: "John has been an extraordinary leader of Heathrow. During the past nine years, he has worked tirelessly and collaboratively with shareholders, ministers, airlines and other stakeholders to ensure the country can be proud of its 'front door'.

"The board would like to put on record our gratitude to John for his dedication and commitment to Heathrow throughout his tenure as CEO."