Business
Chief Financial Officer Transition
International Consolidated Airlines Group (IAG) announced that Chief Financial Officer Nicholas Cadbury will step down in June 2026, having joined in early 2022 and contributing to the company's balance sheet recovery and profitability. José Antonio Barrionuevo, currently Chief Financial and Transformation Officer at British Airways since July 2023, will succeed him. Barrionuevo has extensive experience within IAG, including seven years as CFO of Iberia, and previously worked at JP Morgan and McKinsey. The transition is part of IAG's succession planning, and Cadbury will remain for six months to ensure a smooth handover. Disclaimer*
About this update from International Consolidated Airlines Group Sa
[{"type":"text","content":"\n\n\n \nINTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.\nOTHER RELEVANT INFORMATION\nCHIEF FINANCIAL OFFICER TRANSITION\nInternational Airlines Group (IAG) today is announcing that Nicholas Cadbury has decided to step down from his current role and will be leaving the Group effective from June 2026.\nJosé Antonio Barrionuevo has been appointed as Chief Financial Officer effective from June 2026. José Antonio brings a strong track record in financial leadership and transformation in the aviation sector. He currently serves as Chief Financial and Transformation Officer at British Airways, having been in that role since July 2023. He joined the Group in 2013 as Director of Strategy and Transformation at Iberia and has worked in a variety of roles, including seven years as Chief Financial Officer of Iberia. Prior to that, he worked at JP Morgan and McKinsey.\nLuis Gallego, IAG's Chief Executive Officer, said: \"On behalf of the Board and the entire Group I would like to thank Nicholas for his contribution since he joined IAG in early 2022. Under his leadership, IAG has built back its balance sheet and profitability, improved shareholder returns, positioning for long-term sustainable growth.\"\n\"I'm delighted that José Antonio, a talented leader from within the Group, will be taking over from Nicholas. He brings significant experience in finance, transformation and strategy in both Iberia and British Airways and in capital markets. He is a well-respected, accomplished and experienced CFO with a strong track record.\"\n\"Our focus remains on performing for our customers, in transforming for the future, and delivering strong shareholder returns.\"\nJosé Antonio Barrionuevo said: \"I am looking forward to continuing my career within IAG now as CFO for the Group. IAG is well-positioned to continue sustainable long-term growth, industry-leading profitability and value creation for our shareholders.\"\nNicholas Cadbury commented: \"It has been a privilege to be involved in the success of IAG and to work with so many dedicated and talented people. I have decided that now is the right time to step down to seek new and varied challenges outside IAG, after supporting the transition to José Antonio.\"\nThis appointment comes as a result of IAG's succession-planning which develops career paths for senior leaders across the different opera...
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