Whitbread CFO is swapping hotels for planes

Premier Inn Wells
The Premier Inn in Wells. (Whitbread)

Insight Comment
Losing someone who has been in the job for almost a decade will be a blow to Whitbread. We’ll have to wait and see whether they look outside the company or not for a successor.

Whitbread is starting the search for a new chief financial officer after Nicholas Cadbury informed the company he was moving to the same job at British Airways parent company, International Airlines Group.

Cadbury has been with the company for nine years, having joined the company from electronics firm Premier Farnell. He will step down in 2022.

Whitbread said a process to find a successor was now underway.

What They Said

Alison Brittain, Whitbread CEO: "Nicholas has been our Finance Director for the last nine years and has done a tremendous job.  Nicholas has been instrumental in ensuring that Whitbread emerges from the Covid pandemic in a very strong financial position, that will enable us to continue to grow and to deliver our strategy.  I have thoroughly enjoyed working with Nicholas and would like to take this opportunity to express my personal thanks to him for all his hard work and dedication over many years and to wish him all the very best for the future."