Please ensure Javascript is enabled for purposes of website accessibility

JetBlue CFO Schedules His Departure

By Lou Whiteman – May 17, 2021 at 11:58AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The airline's chief financial officer is leaving to pursue other opportunities after a turbulent year for the industry.

JetBlue Airways (JBLU -0.56%) said on Monday that CFO Steve Priest would be leaving the company, with the airline naming current head of treasury and investor relations Ursula Hurley as acting CFO.

Priest will leave effective June 11 to "pursue a new opportunity," according to JetBlue. He has been CFO since February 2017, joining the company in 2015 after a nearly 15-year career at British Airways.

A row of JetBlue tails lined up at the airport.

Image source: JetBlue Airways.

He is leaving after a turbulent year for JetBlue and the entire airline industry. The carrier was forced to cut costs and seek additional funds to navigate the pandemic, and as travel returns, it will need to manage its balance sheet carefully. Prior to the pandemic, Priest was credited with a push by the company to reset its cost structure to allow it to better compete against a new wave of discount competition.

CEO Robin Hayes issued a statement calling Priest "instrumental in helping lead JetBlue through the pandemic," and said Hurley should slot in well.

"Her work helped position JetBlue with one of the industry's strongest balance sheets going into the pandemic," Hayes said. "Over the past year, she successfully led our efforts to preserve our liquidity position, and is the perfect leader to support this transition as we begin to repair our balance sheet and return on a path toward industry-leading margins."

Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool recommends JetBlue Airways. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

JetBlue Airways Stock Quote
JetBlue Airways
JBLU
$7.15 (-0.56%) $0.04
INTERNATIONAL CONS A Stock Quote
INTERNATIONAL CONS A
ICAGY
$2.26 (-2.59%) $0.06

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
342%
 
S&P 500 Returns
110%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/06/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.