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IAG's longstanding finance chief steps down

Mon, 15th Apr 2019 10:49

(Sharecast News) - British Airways owner International Airlines Group revealed on Monday that long-time chief financial officer Enrique Dupuy de Lôme will step down from his role in June.

Dupuy, who was CFO at Spain's Iberia for two decades before the merger with British Airways in 2011 and has held the role at the combined group since then, will be replaced by Steve Gunning, currently chief financial officer at BA.

Gunning's appointment to the board as executive director will be proposed at the annual shareholder meeting, where Dupuy will step down.

Chief executive Willie Walsh said: "Enrique has done a fantastic job at IAG. He played a critical role in establishing the group and was a major force in delivering our strong financial performance.

"It's been a pleasure to work with him and I'd like to thank him for all his hard work in putting IAG on the map. He leaves with all our best wishes for the future."

Discussing his decision to stand down, Dupuy said: "After eight years as CFO of IAG and prior to that, 20 years as CFO of Iberia, I believe now is the right time for me to leave IAG.

"I'm delighted that Steve is taking over as CFO. We have worked together for a number of years and I wish him well in his new role."

As of 1110 BST, IAG shares had inched forward 0.37% to 544.60p.

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