Qantas new executive team

Hiring executives from the failed Virgin 1.0. Surely there are better people to find out there?

Qantas is getting a new chair soon, which generally means new CEO who then hires a new executive team.

Pretty risky joining I think. Could be out in a year.
 
Very unlikely a new Chair will hold a current CEO. Very rare. Note how she is getting the deck in order before they start. First step is to show the incoming chair one is in control.
 
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Looking to employ 8,500 in next decade.

Hmm how about re-employing the ~8,500 you gave the proverbial during covid, you know the staff that made the airline rather great pre-2020.
 
The issue for VH is this is now a turnaround/transformation business. A new Chair won’t want any of those old bad habits hanging around.

Old Management habits will still be lurking in the shadows as long as VH is there.

They need a fresh set of eyes going in that will look under each stone, and deal with some Management who should be there, and bring in some new Management with fresh ideas.

She will be gone by the end of 2025.
 
I tend to agree that this is a standard tactic with distressed brands and companies being transformed.. or attempting to be transformeed.

Institute change and make the CEO a scapegoat of sorts - specially where they represent the old guard. Easy to blame them, or at the very least say this is a new fresh direction with a new strategic plan and corporate vision (blah blah blah) .. I've been through my share.

The actual realities can be very different though - specially if the middle to senior levels don't change that much, so it can end up being fairly much business as ysual with a "lick of paint" and a new figurehead(s) - specially with a weaker resolve from board or CEO for real change.

A bit like consultants who come and go.. if things go well tgen the company rests on their laurels, and if bad well.. blame the consultants! Easy!

The real thing for me is exactly the REAL appetite for change from the Board. A new Chair, and the board may be happy enough as is. If that is so at QF, then VH will stay.

I think the Board were sent serious messages from the shareholders at tge AGM - specially the institutional ones by rejecting the renumeration report. Goyder said the message was received (yet he is all care and no responsibility if he really does step down this year) so uf tgey are fair dinkum they would seriously want to push for significant improvement by the company.


So, imo, comes down to the confidence the board has in Hudson's (and the SMT) plan to deliver that improvement - and they are on notice.
 
RichardMEL said:
Institute change and make the CEO a scapegoat of sorts - specially where they represent the old guard. Easy to blame them, or at the very least say this is a new fresh direction with a new strategic plan and corporate vision (blah blah blah)
Click to expand...
Arguably that's what happened with Alan Joyce - he got tipped out earlier than planned because of all the bad news swirling around Qantas at the time, which he was (in the main) held responsible for.

I suppose the question is to what extent Hudson will be able to differentiate herself from her predecessor, given she was part of the Joyce inner circle for so long. The executive management refresh and strategic reviews are probably part of this effort.
 
MooTime said:
Looking to employ 8,500 in next decade.

Hmm how about re-employing the ~8,500 you gave the proverbial during covid, you know the staff that made the airline rather great pre-2020.
Click to expand...
I suspect that the vast majority don't feel like coming back to their new, enhanced wages and working conditions. I know of pilots who haven't bothered coming back, simply because they found a life other than flying.
RichardMEL said:
The actual realities can be very different though - specially if the middle to senior levels don't change that much, so it can end up being fairly much business as ysual with a "lick of paint" and a new figurehead(s) - specially with a weaker resolve from board or CEO for real change.
Click to expand...
Given that they're already onto hiring consultants, it doesn't look like the playbook includes anything new at all. And, if they need consultants for any sort of idea to be generated, then what exactly is the purpose of all of the 'managers'? Most display all of the ingenuity of a chock.
 
Saab34 said:
The issue for VH is this is now a turnaround/transformation business. A new Chair won’t want any of those old bad habits hanging around.

Old Management habits will still be lurking in the shadows as long as VH is there.

They need a fresh set of eyes going in that will look under each stone, and deal with some Management who should be there, and bring in some new Management with fresh ideas.

She will be gone by the end of 2025.
Click to expand...
I agree with your argument 100%, but I just can’t see her being tipped out as a matter of of course. And there’s the matter of her contract, but that can always be bought out I guess.

Perhaps the situation might be that she was given say, two years to turn the company around, and if not, she knew she would be out.
 

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