British Airways today announces a successor for Derek Stevens, the airline’s Chief Financial Officer, who will retire from the airline this autumn.
Derek Stevens will hand over his role to John Rishton (43) who currently holds the position of Financial Controller, Commercial.
Mr Rishton sits on the Finance Committee, the Commercial Co-ordination Group and on the Finance Leadership Team.
He joined British Airways in 1994 after 15 years in various Finance roles at Ford Motor Company, including Finance Director Ford Portugal and Finance Director Ford Spain.
John Rishton will become Chief Financial Officer Designate until he takes up his new appointment as Chief Financial Officer on September 1, 2001, when he will also join the Board of British Airways.
Rod Eddington, Chief Executive, British Airways said : “I am delighted with John Rishton’s appointment as successor to Derek Stevens. 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.”
Paying tribute to Derek Stevens, Rod Eddington said: “Derek Stevens has made an outstanding contribution to British Airways over the past 12 years. He is held in the highest regard within the company, the financial community and the aviation industry as a whole. We thank him most sincerely and he will retire with our very best wishes.”