United CEO Munoz will not chair board in 2018 following passenger removal

United Airlines (UAL.N) Chief Executive Oscar Munoz will not chair the company's board in 2018, it said in a regulatory filing on Friday, following a high-profile incident in which an elderly passenger was dragged from a flight.

In a reversal of Munoz's earlier employment agreement, he has opted to leave "future determinations related to the Chairman position to the discretion of the Board," the filing said.

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(Reporting by Alana Wise; Editing by Richard Chang)