Qantas’ CEO succession planning in good condition, chairman says By Reuters

By Jamie Freed

SYDNEY (Reuters) – Qantas Airways Ltd’s CEO succession planning is in good condition despite the fact that long-serving boss Alan Joyce is anticipated to remain till not less than the tip of 2023, the airline’s chairman mentioned on Friday.

“The board appears at succession annually at virtually each assembly, however particularly twice a 12 months,” Chairman Richard Goyder advised shareholders on the firm’s annual assembly in Sydney.

“The board feels we’re in good condition for CEO succession as and when that may happen.”

Joyce has been the airline’s boss for practically 14 years, making him one of many longest-serving CEOs of a serious Australian firm.

Throughout his tenure, a number of senior executives seen by buyers as potential inner successors have left the corporate, the most recent being Jetstar boss Gareth Evans, who’s exiting in December after 23 years with the corporate.

Goyder mentioned the airline had robust inner candidates to succeed Joyce, although it could additionally canvass the exterior market when wanted.

The main inner candidates embody chief monetary officer Vanessa Hudson (NYSE:), loyalty division head Olivia Wirth and new Jetstar head Stephanie Tully, in accordance with analysts.

Qantas has by no means had a feminine chief government.

Goyder mentioned he would sit down with Joyce subsequent 12 months to debate how lengthy he deliberate to remain on the airline.