(Adds stake sale details and background in paragraph 2 & 3, updates closing price in paragraph 5)
June 6 (Reuters) - Australia's Qantas Airways Ltd's (QAN) outgoing chief executive, Alan Joyce, on Tuesday sold A$16.9 million ($11.3 million) of shares in the airline, ahead of his retirement in November.
Joyce, who served as the airline's CEO for 15 long years, has offloaded 2.5 million shares for A$6.75 a piece, leaving him with a holding of just 228,924 in the company, according to an exchange filing.
The stake disposal by the soon-to-be former chief executive comes after the flagship carrier
named
finance chief Vanessa Hudson as its next CEO.
Hudson would make history as the first woman to ever lead the century-old airline.
Shares in the airline finished Tuesday's session down 4.1%, marking its worst day in over 11 weeks. ($1 = 1.4995 Australian dollars)
News: QAN UPDATE 1-Qantas CEO Alan Joyce sells $11 mln in shares ahead of retirement
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Last
$11.85 |
Change
0.070(0.59%) |
Mkt cap ! $17.93B | |||
| Open | High | Low | Value | Volume |
| $11.80 | $11.93 | $11.79 | $44.84M | 3.788M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1918 | $11.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.86 | 21792 | 1 |
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| QAN (ASX) Chart |