Qantas appoints new Board Chairman and replaces ineffectual directors

Back to Forum
Viewing 5 posts - 1 through 5 (of 5 total)

  • cwoodward
    Participant

    Qantas has seemingly chosen a very safe pair of hands in appointing John Mullen a former long-serving chairman of Australia’s largest telecoms company Telstra and a former director of Macquarie Airports and the transport giant Toll Holdings to replace the ineffectual Richard Goyder. Goyder was pressured to stand down along with other weak directors Maxine Brenner and Jacqueline Hey, who will exit at tomorrows board meeting.

    The airline yesterday revealed Dr Nora Scheinkestel also join the Board from 1 March 2024 as a non-executive director and chair of its remuneration committee.

    With more than 25 years’ experience on numerous boards across leading utilities, finance and logistics firms. Scheinkestel’s deep knowledge of regulatory matters will add more much needed expertise to what has been seen as a very weak ineffectual board.

    Qantas is about to experience a difficult upcoming couple of years with the mistakes and costly vanity projects initiated by former CEO Alan Joyce( who was pressured to retire as CEO last September) coming home to roust.

    1 user thanked author for this post.

    esselle
    Participant

    I was at University with John. He was very good at rugby and beer drinking. The boy has done well!!!

    2 users thanked author for this post.

    cwoodward
    Participant

    I also have a passing acquaintance also Esselle – a good bloke.

    1 user thanked author for this post.

    TupeloKid
    Participant

    What about the non-exec directors, appointees of the same directors who are stepping or who have stepped down? They seem to have emerged unscathed.


    cwoodward
    Participant

    Not exactly most were asked to step down or left.
    Most of the non execs are now recent appointments and look to be wise and solid choices

    Doug Parker ex American Airlines CEO was only appointed last year

    Dr Heather Smith PSM FAIIA looks a good find and only very recently appointed

    EX Director General and Chief Executive of the International Air Transport Association and former Cathay Pacific CEO Tony Tyler appointed in 2018 has a wealth of relevant experience in Asia Pacific areas

    Dr Nora Scheinkestel was only appointed last month and seems a wise choice

    There are only a couple of the ‘old guard’ left and they look adequate at best- Todd Sampson seeming a local marketing expert and 70 yo Belinda Hutchinson ex Chancellor of the University of Sydney who are both long serving survivors of the old weak ‘rubber stamp’ board that was so badly cowed and frequently overridden a by ex CEO Alan Joyce.

    1 user thanked author for this post.
Viewing 5 posts - 1 through 5 (of 5 total)
You must be logged in to reply to this topic.
The cover of the Business Traveller April 2024 edition
The cover of the Business Traveller April 2024 edition
Be up-to-date
Magazine Subscription
To see our latest subscription offers for Business Traveller editions worldwide, click on the Subscribe & Save link below
Polls