International Consolidated Airlines Group (LSE:IAG) has confirmed a planned transition at group chief financial officer level, with Nicholas Cadbury scheduled to step down in June 2026 and José Antonio Barrionuevo named as his successor.
Barrionuevo currently serves as Chief Financial and Transformation Officer at British Airways and will assume the group CFO role following Cadbury’s departure. A long-standing executive within the group, he has previously held CFO positions at Iberia and brings earlier experience from JPMorgan and McKinsey & Company. His appointment reflects IAG’s internal succession planning and emphasis on leadership continuity.
Cadbury, who has held the CFO position since 2022, is credited with reinforcing the group’s balance sheet, improving profitability, and supporting shareholder returns. He will remain with the business for a six-month transition period to facilitate an orderly handover as IAG continues to prioritise transformation initiatives, customer performance, and long-term value creation.
From a market perspective, the group continues to demonstrate a strong post-pandemic financial recovery. Strategic actions such as share buybacks and improving earnings momentum underpin a constructive fundamental outlook, although mixed technical indicators suggest a degree of near-term caution.
More about International Consolidated Airlines Group
International Consolidated Airlines Group is a leading international airline holding company with a portfolio that includes British Airways and Iberia. The group operates across global passenger aviation markets and is focused on delivering sustainable long-term growth, strong profitability, and shareholder value through disciplined capital allocation and ongoing transformation across its airline businesses.
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