IAG chief financial officer Steve Gunning will step down next year, the European aviation group said on Oct. 15.
He will leave after the company’s 2021 annual results are released, IAG said.
“I would like to thank Steve for the key role he has played in leading the group through the unprecedented challenges we have faced over the past 18 months and wish him the best for the future,” said IAG CEO Luis Gallego. “His efforts and achievements have enabled us to navigate the pandemic better than most in our industry and ensure we are well positioned to take advantage of the huge opportunities as travel continues to recover in the coming months.”
Gunning will be replaced by Whitbread PLC’s Chief Financial Officer Nicholas Cadbury.
After more than 20 years with British Airways and IAG, Gunning says that “now is the right time for me to look for a new challenge”.