Finance: United CEO Oscar Munoz will not become chairman next year as planned (UAL)

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United Airlines CEO Oscar Munoz initiated the change in his employment agreement, according to a United spokesperson.

United Airlines CEO Oscar Munoz will not become chairman of the company next year as was previously planned, a spokesperson confirmed to Business Insider.

Munoz changed an agreement in his employment contract that would have allowed him to assume the position in 2018, the spokesperson said.

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