British Airways-owner IAG names insider Barrionuevo as new CFO | Global Banking & Finance Review | GBAF

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Home > Finance > British Airways-owner IAG names insider Barrionuevo as new CFO

Finance

British Airways-owner IAG names insider Barrionuevo as new CFO

Published by Global Banking and Finance Review

Posted on January 9, 2026

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Tags:Appointment management leadership corporate governance

IAG Appoints Jose Antonio Barrionuevo as New CFO Starting June

IAG's Leadership Transition

Jan 9 (Reuters) - IAG on Friday named unit British Airways's finance chief Jose Antonio Barrionuevo as the group's new CFO starting in June, replacing Nicholas Cadbury as part of a planned succession.

Shares of the group, which also owns Iberia, Vueling and Aer Lingus, were down 1.3% at 430 pence by 0831 GMT.

Barrionuevo will take over at a time when the company is dealing with substantial weakness in its U.S. markets that is threatening overall profits.

Impact on Company Performance

"Our focus remains on performing for our customers, in transforming for the future, and delivering strong shareholder returns," CEO Luis Gallego said in a statement, highlighting Barrionuevo's experience.

Barrionuevo's Background and Experience

He has held multiple roles within IAG over the years. Barrionuevo joined the group in 2013, when he was appointed as the director of Strategy and Transformation of Spanish airline carrier Iberia, becoming its CFO thereafter.

For the last three years, he has been serving as British Airways' chief financial and transformation officer.

Outgoing CFO's Contributions

Outgoing CFO Cadbury joined IAG in March 2022, and the company under him has seen its stock triple in value following losses driven by the COVID-19 pandemic. He will support Barrionuevo's transition until he takes over.

(Reporting by Rishab Shaju in Bengaluru; Editing by Devika Syamnath)

Frequently Asked Questions about British Airways-owner IAG names insider Barrionuevo as new CFO

1What is a Chief Financial Officer (CFO)?

A Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company, including financial planning, risk management, record-keeping, and financial reporting.

2What is corporate governance?

Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, ensuring accountability and transparency in its operations.