General Industry

Aer Lingus Appoints Former TNT CFO Bot to Become Financial Chief

By Publications Checkout
Aer Lingus Appoints Former TNT CFO Bot to Become Financial Chief

Aer Lingus Group Plc, the Irish airline part-owned by Ryanair Holdings Plc, said former TNT Express NV executive Bernard Bot will take over as chief financial officer later this year.

Bot, a Dutch national, will replace Andrew Macfarlane on September 1, the Dublin-based carrier said in a statement today. Aer Lingus also appointed Federico Balzola as its chief people and change officer.

Aer Lingus cut its full-year forecast in June after a strike and threat of further labour unrest hurt bookings. A work-assignment dispute with employees led to a walkout on May 30, potentially disrupting chief executive officer Christoph Mueller’s plan to gain a bigger share of the trans-Atlantic market. Unions agreed late yesterday to defer a further two days of strikes to consider an interim recommendation from the labour court.

Bot joined delivery service TNT in 2005 from consulting company McKinsey & Co., where he spent 13 years. He became interim CFO of Hoofddorp, Netherlands-based TNT in August 2010, taking the job on a permanent basis in 2011. He told the company in April that he wouldn’t seek an extension to his contract.

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