British Airways Plc, Europe's biggest airline by revenue, said today that Mr John Rishton would replace Mr Derek Stevens as its new chief financial officer.
The airline said Mr Rishton would take up his new role on September 1st, following Mr Stevens's retirement. In the meantime, he will act as chief financial officer designate.
"John has a broad, deep understanding of British Airways and the challenges we face. He has the character, knowledge, and expertise necessary to play a vital role in our continuing recovery," BA Chief Executive Mr Rod Eddington said in a statement.
BA shares were up by 10-1/4 pence, or 2.97 per cent, to 355-1/2p by 11.25 a.m. At that price, the stock is valued at around Stg£3.8 billion.
The stock has outperformed the broader FTSE Eurotop Index by about 26 per cent since early January.