British Airways CFO John Rishton is set to leave the company
to join Ahold, the Dutch food retailer that recently underwent investigations
over an $800m black hole in its accounts.
Rishton joins the retailer on 1 January 2006, after five years
at the airline operator.
Ahold revealed an $800m black hole in the accounts of
subsidiary US Foodservice during 2002, with the Enron and Worldcom scandals
still rocking the accounting profession at the time.
‘John’s reputation, experience and proven track record will
help drive our company to the next level,’ said Anders Moberg, Ahold president
Rishton is replaced by group treasurer and head of taxation
Willie Walsh, BA chief executive designate, said: ‘I am very
sorry to see John go but delighted to welcome Keith to the leadership team. He
has an excellent reputation inside and outside British Airways. I’ve worked
closely with Keith in the last five months and I look forward to working with
him closely in the years ahead.’
Rishton joined the airline in 1994 as financial controller in
the US, was appointed sales controller in 1996, operations controller in 1998
and commercial controller in 1999. Prior to BA, Rishton worked for Ford in
various international executive positions between 1979 and 1994.
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