U.S. Markets open in 5 hrs 33 mins

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

NEW YORK, April 21 (Reuters) - United Airlines 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. (Reporting by Alana Wise; Editing by Richard Chang)