Flight Centre appoints Campbell as new CFO

Flight Centre has brought a fresh eye to its finances, appointing Adam Campbell as its chief financial officer.

Campbell was formerly the Flight Centre Travel Group’s Aussie cfo and has worked for the company for almost nine years across a number of senior finance roles.

These roles have included drumming up a record total transaction value of $9.3 billion during 2014-2015, spending 15 months working on a shared services project, and tracking three years as the company’s global risk leader.

Campbell also has a stint as financial manager for Australia and SE Asia for Minter Ellison law firm under his belt, along with six years at Ernst & Young.

“This is a natural progression for Adam, given the extensive experience he has gained both within Flight Centre and externally, and we look forward to his contributions as global cfo,” managing director Graham Turner said.

“In addition to his business acumen and senior accounting experience, he has strong leadership skills and a deep understanding of the company, its strategies, its business model and its people.”

During his previous time as cfo, Campbell oversaw a number of initiatives alongside current cfo Andrew Flannery, including the journey from travel agent to the world’s best person-to-person travel experience retailer.

“This is a great honour, as well as a great challenge,” Campbell said.

“Flight Centre is now a large and diverse business with more than 30 brands and an extensive global network of leisure travel shops and corporate travel businesses, plus a growing tour operating presence.

“Strategies are in place to build on our previous successes in both leisure and corporate travel and we have a strong balance sheet that includes more than $500 million in company cash and virtually no debt.

“As a company, we are well placed to capitalise on what we believe will be a golden era of travel during the next 20 years and beyond.”

The appointment follows Flannery’s decision to succeed John Veitch as executive general manager of Flight Centre’s Aussie corporate travel business, which includes the FCm Travel Solutions, Corporate Traveller, Stage & Screen, cievents, Campus Travel and 4th Dimension brands.

Flannery’s move was announced on August 4, and he will work alongside Campbell while he transitions into his new role.

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