Emirates finance chief is exiting in June: Emirates Group’s Chief Financial Officer (CFO) Michael Doersam (LinkedIn) is reportedly set to step down by the end of June, a person familiar with the matter told Bloomberg. Dubai’s flagship carrier is currently selecting Doersam’s successor — who is stepping down for personal reasons. Doersam took his top finance post back in 2021 — and previously served as the firm’s vice president of outstation finance and risk management from 2006 to 2008.

What’s next? While the airline has not yet named a successor or issued a formal statement, the departure of a high-level veteran suggests a significant transition is coming for the world’s largest long-haul carrier as it navigates a massive aircraft order book and shifting regional competition. CEO Tim Clark, who’s held his position since 2003 and is a close ally of Doersam, according to Bloomberg, has also been quietly preparing to cede control to a successor.

Tags: