SYDNEY- Qantas (QF) Group CEO Alan Joyce informed the Board of his decision to expedite his retirement by two months to facilitate the company’s rejuvenation efforts.
Consequently, Vanessa Hudson, the CEO Designate, will assume the position of Managing Director and Group CEO starting from September 6, 2023.
Qantas CEO Retires
Mr. Alan Joyce expressed, “In recent weeks, heightened attention on Qantas and past events has underscored the necessity for the company to prioritize its renewal. Given the circumstances, the most beneficial course of action I can take is to advance my retirement and pass the torch to Vanessa and the incoming management team, confident in their ability to excel in their roles.”
“Reflecting on my 22-year journey with Qantas, including my 15-year tenure as CEO, I take pride in the accomplishments and challenges we’ve faced along the way.”
Qantas Group CEO Alan Joyce
“While there have been numerous peaks and valleys, there remains substantial work ahead, particularly in ensuring our unwavering commitment to our customers. However, I depart with the assurance that the company has a solid foundation and a promising future,” Mr. Joyce concluded.
Chairman Insights
Qantas Chairman Richard Goyder commented, saying, “Alan has consistently placed Qantas’ best interests at the forefront, and today’s decision exemplifies that commitment.
On behalf of the Board, we express our heartfelt gratitude for his leadership during significant challenges and his forward-thinking approach, particularly in identifying opportunities such as ultra-long-haul travel.
“We acknowledge that this transition occurs during a notably demanding period for both Qantas and its workforce. Our primary responsibility is to regain public trust in the type of company we represent, and this is the Board’s central focus. Under Vanessa’s leadership, the management team will be dedicated to this goal,” Mr. Goyder added.
As originally intended, shareholders will officially vote on Vanessa Hudson’s appointment as Managing Director at Qantas’ Annual General Meeting in November.
Today’s announcement also entails an acceleration of one of the executive changes announced in June of this year, specifically the appointment of Rob Marcolina as the Group’s Chief Financial Officer, aligning with Vanessa Hudson’s transition to the Group CEO position in her current role as CFO.
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