International Airlines Group has announced that Enrique Dupuy de Lôme is to step down from his role as chief financial officer.

He will also leave his role as board executive director at IAG’s annual general meeting in June.

He will be replaced by Steve Gunning, currently chief financial officer at British Airways, whose appointment as a board executive director will be proposed to the meeting.

Willie Walsh, IAG chief executive, said: “Enrique has done a fantastic job at IAG.

“He played a critical role in establishing the group and was a major force in delivering our strong financial performance.

“It’s been a pleasure to work with him and I’d like to thank him for all his hard work in putting IAG on the map.

“He leaves with all our best wishes for the future.”

Walsh added: “I’d like to welcome Steve to his new role.

“His appointment serves as evidence of the strength and depth of the IAG leadership team.”

Dupuy has been IAG chief financial officer since the group was founded in January 2011.

He was previously Iberia chief financial officer from 1990 and has also worked in finance roles at Instituto Nacional de Industria and Teneo.

He was chairman of the IATA finance committee between 2003-2005 and was first appointed to the IAG board in June 2013.

Dupuy said: “After eight years as chief financial officer of IAG and prior to that, 20 years as chief financial officer of Iberia, I believe now is the right time for me to leave IAG.

“I’m proud of my part in creating and developing IAG.

“I’m delighted that Steve is taking over as chief financial officer.

“We have worked together for a number of years and I wish him well in his new role.”