REG - Intl Con Airline Grp - Chief Financial Officer Transition

International Consolidated Airlines SAAnnouncement

09/01/2026 07:30

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RNS Number : 2497O  International Cons Airlines Group  09 January 2026

 

INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A.

OTHER RELEVANT INFORMATION

CHIEF FINANCIAL OFFICER TRANSITION

International 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.

José 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.

Luis 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."

"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."

"Our focus remains on performing for our customers, in transforming for the
future, and delivering strong shareholder returns."

José 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."

Nicholas 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."

This appointment comes as a result of IAG's succession-planning which develops
career paths for senior leaders across the different operating companies and
businesses. Nicholas Cadbury will continue in the business over the next six
months to support the transition to José Antonio Barrionuevo.

9 January 2026

IAG Investor Relations

 

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