BusinessCompany NewsBA-Iberia team-up puts FD job in the spotlight

BA-Iberia team-up puts FD job in the spotlight

FD job may be a key issue in terms of board structure of proposed Anglo-Spanish partnership

BA’s advances towards spanish carrier Iberia may spark a battle for the CFO
position of the merged company.

Keith Williams has been CFO since 2006 but
media
commentators
have said the Spanish company may insist on having one of its
own in the key position if the deal is to be pushed through.

Williams is in a strong position having joined the airline in 1998 as head of
taxation. He was appointed group treasurer in 2000.

It will take several months to hammer out merger terms and finalise a joint
business and integration plan for the combined group, BA said.

British Airways’ chief executive, Willie Walsh, said: ‘The aviation landscape
is changing and airline consolidation is long overdue. The combined balance
sheet, anticipated synergies and network fit between the airlines make a merger
an attractive proposition, particularly in the current economic environment. [BA
has] had a successful relationship with Iberia for a decade and are confident
that both companies’ shareholders would benefit from the proposed tie-up.’

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor