Heathrow finance chief to stand down

The finance chief of Heathrow is to stand down in the spring after eight years.

José Leo will remain as chief financial officer until March 2015 by when his successor is expected to be in place, the airport owner announced this morning.

Leo is described as having played a “pivotal role” in the group’s airport disposal programme and in the simplification of the business as the group has moved to a clear focus on Heathrow.

Heathrow Airport chief executive John Holland-Kaye said: “José has done an outstanding job providing sound financial input to the board and shareholders, to Colin Matthews my predecessor and more recently to me as I stepped in to the chief executive role.

“His strong financial stewardship of the company has played a key role in reinforcing Heathrow’s position as one of the world’s leading hub airports and connecting the whole of the UK to growth markets.”

Leo said: “It has been an outstanding experience working for Heathrow for the last eight years and I consider it a professional and personal privilege to have been involved in the transformation that Heathrow has achieved in that time.

“I am confident I will be leaving the business, in due course, with the management and ambition to take Heathrow forward to its next stage of development.”