QANTAS GROUP: NEW QANTAS AIRLINES STRUCTURE, EXECUTIVE...

QANTAS GROUP: NEW QANTAS AIRLINES STRUCTURE, EXECUTIVE TEAM
SYDNEY, 22 May 2012:

The Qantas Group today announced a restructure of the Qantas Airlines business
and changes to its executive team as it enters the next phase of the five-year transformation plan launched in
August 2011.
After being restructured over the coming months, Qantas International and Qantas Domestic – currently
combined as ‘Qantas Airlines’ – will be formally managed as two distinct businesses. Each will have its own
CEO and its own operational and commercial functions. Their financial results will also be reported
separately. The new structure will be effective from 1 July 2012.
This change will enable a greater focus on the priorities of turning around the Qantas International business
and enhancing the strong Qantas Domestic business, as part of the overall Group strategy.


?? Simon Hickey, CEO Qantas International. Mr Hickey is currently CEO, Qantas Frequent Flyer.
?? Lyell Strambi, CEO, Qantas Domestic. Mr Strambi is currently Group Executive, Qantas Airlines
Operations.
?? Jayne Hrdlicka, CEO, Jetstar Group. Ms Hrdlicka is currently Group Executive, Strategy and
Technology. The Strategy and Technology function will move under Chief Financial Officer Gareth
Evans.
?? Lesley Grant, CEO, Qantas Frequent Flyer. Ms Grant was formerly the Group Executive responsible
for developing Qantas’ new international strategy.
?? Jon Scriven, Group Executive, People and Office of the CEO.
?? Olivia Wirth, Group Executive, Government and Corporate Affairs
?? Brett Johnson, General Counsel
?? Gareth Evans, Chief Financial Officer
Jetstar

Conclusion: I think this is reactive type management decision at this time going the way of International Group and the Domestic Group.

Easy to say now the board needed to have a more proactive approach. This new business model will be hard to pull off in these market conditions.

Remember the take over offer read below:


In early May 2007, Jackson faced mounting pressure to resign from the board of Qantas after the dramatic last-minute failure of the Qantas takeover bid by Airline Partners Australia. After the bid failed, she faced criticism that she had undervalued the airline, was reluctant to release upgraded profit forecasts and did not act in the best interests of the majority of shareholders.[1] Jackson was one of the most outspoken supporters of the takeover bid and, when asked of the ramifications of the bid failing, she famously stated, "If anyone thinks this will happen without affecting the (share) price then they have a mental problem with how the market works."[