Alan Joyce to stand down as Qantas chief executive tomorrow

[Greg Hyde]

Alan Joyce to stand down as Qantas chief executive tomorrow after tumultuous week

Qantas announced his early departure saying Mr Joyce would bring forward his retirement by two months to help the company "accelerate its renewal".

"In the last few weeks, the focus on Qantas and events of the past make it clear to me that the company needs to move ahead with its renewal as a priority," Mr Joyce said in a statement.

"The best thing I can do under these circumstances is to bring forward my retirement and hand over to Vanessa and the new management team now, knowing they will do an excellent job."

The news of Mr Joyce's abrupt departure comes less that a week after the competition regulator launched legal action against Qantas for allegedly selling tickets to flights that had already been cancelled over a three-month period in 2022.

Qantas said it was taking those accusations seriously.

The airline's current chief financial officer, Vanessa Hudson, will assume the role of managing director and group chief executive effective September 6, and is the first female CEO in the airline's 103-year history.
She was scheduled to take over from Mr Joyce in November after being appointed in May.

Mr Joyce has spent 15 years as the airline's CEO, and extended his tenure at the request of the Qantas board to assist with its recovery from the pandemic.

Full story

https://www.abc.net.au/news/2023-09-...arly/102814516

[Robbie J]

LOL