International Airlines Group (IAG) has appointed Jose Barrionuevo as its CFO today (January 9), effective from June 2026.
Barrionuevo is currently chief financial and transformation officer at British Airways and joined the role in July 2023. He joined the group in 2013 as director of strategy and transformation at IAG-owned airline Iberia, and later served seven years as CFO at the airline. Prior to joining IAG, he worked at JP Morgan and McKinsey.
“He brings significant experience in finance, transformation and strategy in both Iberia and British Airways and in capital markets," said IAG CEO Luis Gallego. "He is a well-respected, accomplished and experienced CFO with a strong track record."
“IAG is well-positioned to continue sustainable long-term growth, industry-leading profitability and value creation for our shareholders,” said Barrionuevo.
The appointment comes as the group's current CFO Nicholas Cadbury announced today that will be stepping down from his role, leaving the company in June.
“It has been a privilege to be involved in the success of IAG and to work with so many dedicated and talented people," said Cadbury. ”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.
“I would like to thank Nicholas for his contribution since he joined IAG in early 2022," said Gallego. "Under his leadership, IAG has built back its balance sheet and profitability, improved shareholder returns, positioning for long-term sustainable growth.”
Gabriel Perdiguero will succeed Cadbury, serving as British Airways' chief financial and transformation officer after serving as CFO for Iberia. Joana de Epalza will succeed Perdiguero after serving as chief financial and transformation since 2023. These moves will also take effect in June.