JetBlue (NASDAQ: JBLU) has promoted Steve Priest to executive vice president and chief financial officer, effective immediately, the airline said.
As CFO, Priest will oversee treasury, investor relations, corporate tax, audit, accounting, financial planning and analysis, fuel hedging, aircraft and materiel programs, insurance, financial reporting, risk management, infrastructure (corporate real estate), and strategic sourcing. He will also serve on JetBlue´s executive leadership team and report to President and Chief Executive Officer Robin Hayes.
Priest joined JetBlue in 2015 and in his most recent role was responsible for JetBlue´s strategic sourcing efforts and for fleet and engine strategy. In his new role, he will continue to oversee the successful implementation of the structural cost program.
Prior to JetBlue, Priest held positions of increasing responsibility at British Airways from 1996 to 2015. He is a graduate in economics and geography of Victoria University of Manchester (UK) and a qualified Chartered Global Management Accountant.
Priest will succeed Jim Leddy, who served as interim chief financial officer since November. Leddy will help support JetBlue with the transition.
JetBlue carries more than 38 million customers a year to 100 cities in the US, Caribbean, and Latin America with an average of 925 daily flights.