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British Airways CFO to take over as IAG finance chief
Published by
Reuters

Less than 1m read

15 April 1.46pm

Hargreaves Lansdown is not responsible for this article's content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest. Article originally published by Reuters.

IAG said on Monday British Airways' finance chief Steve Gunning will replace company veteran and chief financial officer Enrique Dupuy de Lôme, who steps down after more than eight years in the role.

Gunning, who joined British Airways in 1998 and has been its CFO since January 2016, will take over from de Lôme at IAG's annual general meeting in June, the company 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," de Lôme said.

IAG did not immediately respond to a request for comment on the reason for de Lome's departure.

Gunning takes the role as the airline industry braces for a potential hit from Britain's impending exit from the European Union.

International Consolidated Airlines Group SA
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Shares of IAG jumped to session highs after the announcement and were last up 1.1 percent at 548.4 pence on London's main index.

Copyright (2019) Thomson Reuters. Reporting by Shashwat Awasthi and Noor Zainab Hussain in Bengaluru; Editing by Bernard Orr. This article was from Reuters and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

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Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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