Pay boost for BA finance director

New British Airways chief executive Keith Williams will see his pay rise to £630,000, from his current pay of £440,000 as chief financial officer.

Williams will take over from Willie Walsh, who is moving up to head the merged BA/Iberia group.

He has been set a maximum bonus of 150% of his salary, or £945,000. Half of the value of any bonus will be deferred and awarded in shares after three years under its bonus plan.

A previous BA treasurer, Williams was appointed CFO in 2006. He is also a non-executive director of transport for London, and Iberia.

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