Richard Goyder will retire prior to the Annual General Meeting in late 2024, and three further board members will retire this year, Qantas reveals.
The news comes as part of a wider Qantas board reshuffle, which will see non-executive director Michael L’Estrange retire at this year’s AGM in November. Jacqueline Hey and Maxine Brenner will also retire in February 2024.
“As a Board, we acknowledge the significant reputational and customer service issues facing the Group and recognise that accountability is required to restore trust,” Qantas chair Richard Goyder says.
“Qantas has gone through an incredibly difficult period since our operation was grounded during the pandemic. The recovery has not been easy, and mistakes were made. We again apologise for those times where we got it wrong.
“I have always sought to act in the best interests of Qantas. Measured and orderly succession at Board level will support the important work underway led by Vanessa and her new management team. Fundamentally, the Group is in a very strong position to overcome its current challenges and deliver for all its stakeholders in the years ahead,” he says.
Three new directors are set to offer themselves for election at this year’s AGM, including current CEO and managing director Vanessa Hudson. Qantas says the board has also commenced a process of independently reviewing key governance matters over the past 12 months and will share outcomes in the second quarter of calendar year 2024.
More to come.
Look back on the week that was with hand-picked articles from Australia and around the world. Sign up to the Forbes Australia newsletter here or become a member here.
