NEW: Oscar Munoz to step down from his role as CEO of United Airlines, the company announces.
Munoz will be leaving the position in May 2020 but will stay on with the company as executive chairman of the board of directors.This is a developing story. Please check back for updates.
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United CEO Oscar Munoz is stepping down and transitioning to chairman in 2020, with president Scott Kirby taking his placeScott Kirby, who was recruited to United as president in 2016, will assume the CEO role in 2016. Oscar Munoz will become board chairman.
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