Jayne Hrdlicka to resign as CEO

[anat0l]

Her husband passed away a few months ago and she has two teenage kids. Consider that sometimes personal and/or family life may take precedence.

Worth noting indeed.

The market, shareholders, media and parent company certainly do not care.

 

[HS-TQE]

Worth noting indeed.

The market, shareholders, media and parent company certainly do not care.

I would also think some of the staff who didn't get along with her across Jetstar, Qantas management, A1 and Virgin wouldn't care either

 

[AustSerbKor]

Is JH leaving because Qatar, Singapore, or ANA are going to purchase Virgin Australia? I could have added AirNZ but I we've been down that path before.

 

[Quickstatus]

Bain are going to find it incredibly difficult to find competent experienced airline management

It's hard to IPO something which is treading water in circumstances when yields should be through the roof.

 

[anat0l]

Is JH leaving because Qatar, Singapore, or ANA are going to purchase Virgin Australia? I could have added AirNZ but I we've been down that path before.

Bottomless money pit, strong economic government-based performer and a wildcard. Wowie...

 

[OATEK]

Olivia Wirth has run second once, do you think she wants to run second again?

 

[TheRealTMA]

Olivia Wirth has run second once, do you think she wants to run second again?

Of course. Strive strive until you succeed!

 

[HS-TQE]

Is JH leaving because Qatar, Singapore, or ANA are going to purchase Virgin Australia? I could have added AirNZ but I we've been down that path before.

This is as likely as full Singapore TAEK OVAH of VA !!!!!111!!!.

On a tad serious note, Singapore tried three times already, Ansett (through their minority stake in NZ), Tiger and Virgin 1.0. They failed at all 3.

 

[HS-TQE]

Bottomless money pit, strong economic government-based performer and a wildcard. Wowie...

The second one is an example of "stick to doing what they do well".

Singapore's investment record going all the way back to Ansett/Air New Zealand isn't much better than the epic fail of James Hogan's Etihad Investments with their record of bankruptcies/liquidations.

 

[dajop]

Ummm ……

What is Virgin Australia's strategy (post-administration)?

In my opinion, it doesn't seem to be a great start for VA in 2021 and I question the long-term goal of the airline but also the forward planning. Obviously, a lockdown in Brisbane hasn't helped however on many routes flights have been canceled quite close to departure and there doesn't seem to...

www.australianfrequentflyer.com.au

 

[eminere]

Sure, but a lot of these public figures frequently give the "spend more time with family" excuse, but then within a month or two they are jetting off to another high powered job.

Slightly different in JH's case when the "family" excuse was used in the A2 resignation.
Cue Joe Ashton formerly AFR who pointed out the JH's A2 resignation on "Family " grounds were made after the fact when in fact she was pushed out...

View attachment 371973

This is amazing stuff lol

 

[Must...Fly!]

I think they'll need someone with strong industry experience, not sure it matters too much on the regional background but if they're local it would probably be better as it's a pretty closed off market.

 

[pauly7]

Olivia Wirth has run second once, do you think she wants to run second again?

Well conspiracy theorists could say she may have been engaged a long time ago and is probably near/at end of her exclusion clauses . Stranger things have happened.

 

[Edge]

Well conspiracy theorists could say she may have been engaged a long time ago and is probably near/at end of her exclusion clauses . Stranger things have happened.

She has a marketing background and then ran the FF program.

I would think VA needs someone who has deep airline operational experience. But I could be wrong.

 

[Quickstatus]

Olivia Wirth has run second once, do you think she wants to run second again?

Everyone gets a trophy these days, don't they?

I'm not sure anyone can. Is the AU market big enough for 2.5 players?

 

[evanb]

Worth noting indeed.

The market, shareholders, media and parent company certainly do not care.

Indeed, but the discussion the comment was responding to was why she left, not the market reaction. =

Post automatically merged: Feb 22, 2024

Olivia Wirth. Just say'n.

Depends what the shareholders and board want. If they want someone to lead an IPO then they'll want someone with that experience or stronger experience in and around financial markets. A super-CFO type. Olivia is very well regarded in other areas of the business.

 

[moa999]

to lead an IPO then they'll want someone with that experience

Very few CEOs have ever IPOd a business.
Agree though you'd want someone who is more comfortable around financial analysts and investors.

 

[evanb]

Very few CEOs have ever IPOd a business.
Agree though you'd want someone who is more comfortable around financial analysts and investors.

Yet many investment bankers do. And many CEOs and CFOs have engaged in capital raises, mergers, acquisitions, etc.

I never said they'd look for someone who has that experience as a CEO, but rather someone who has experience in and around financial markets, which is more than just IPOs as well. Point being, there are few people that have peak expertise in every area, and some CEOs will be generalists and others specialists. I'll wager that the next CEO of Virgin has very little airline expertise.

 

[Saab34]

Why is why they poached the Woolworths COO who ran the Dan Murphys float. Obviously more disagreement's on that front, and he is gone.

Virgin needs someone that has a good relationship with its front line teams. That seems to be costing it significantly at the moment.

The Pilot EBA is clearly going to become an issue in the back half of the year. From what I read, they wish to take back the pay cut they took during the bankruptcy. The company isn’t interested in that. Virgin crew striking will be very costly considering they don’t really have subsidiaries to use. Not exactly a point in time that the Private Equity owner would be looking at generous pay hikes for staff. So that will likely end in tears.

 

[Must...Fly!]

They're going to have to come to a reasonable agreement with the pilot group, there is little point denying this reality. Both groups need to compromise, without major carry on. The real question is figuring out how to make the business work around that, in my personal opinion.