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News Release

New Chief Financial Officer for IAG

International Airlines Group (IAG) announces that Enrique  Dupuy de Lôme is to step down from his role as chief financial officer and  Board executive director at IAG’s Annual General Meeting in June 2019. He will  be replaced by Steve Gunning, currently chief financial officer at British  Airways, whose appointment as a Board executive  director will be proposed to the AGM.

Willie Walsh, IAG chief executive 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.

 “I’d like to welcome Steve to his new role. His appointment  serves as evidence of the strength and depth of the IAG leadership team.”

Enrique Dupuy, IAG chief financial officer 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 proud of my part in  creating and developing 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.”

Enrique Dupuy has been IAG CFO since the Group was founded  in January 2011. He was previously Iberia CFO from 1990 and has also worked in  finance roles at Instituto Nacional de Industria and Teneo. He was chairman of  the IATA finance committee between 2003-2005 and was first appointed to the IAG  Board in June 2013.

Steve Gunning has been British Airways CFO since January  2016 and acting director of IAG Global Business Services since December 2017.  Before that he was chief executive of IAG Cargo from 2011. He joined British  Airways in 1998, and before becoming managing director of British Airways World  Cargo in 2007, was the airline’s finance director and head of internal control.

IAG Investor Relations
  15 April 2019

 


Listing Rule 9.6.11 Disclosure:
In addition to becoming Group CFO, Steve  Gunning has been confirmed as director of IAG Global Business Services.   

Listing Rule 9.6.13 Disclosure:
Steve Gunning is a non-executive director of  FirstGroup plc.
Neither IAG or Steve Gunning are aware of any  further disclosures that are required in respect of his appointment under  paragraph 9.6.13R of the Listing Rules.

Notes to Editors
 Further details of the relevant  remuneration arrangements will be disclosed in due course.