Rumour: Joyce going; Gail Kelly coming

[UP4014]

Not sure the price of fuel is in his personal control.

But don't worry, I'm sure he'll take the credit. Have any ticket prices come down because of it? (I don't know but haven't seen it)

 

[Lonely Flyer]

But don't worry, I'm sure he'll take the credit. Have any ticket prices come down because of it? (I don't know but haven't seen it)

The real question: Have fuel fines come down?

 

[Pushka]

If you look purely at financial performance projections and current share price, AJ is actually doing a very good job at the moment.

I think the fall in price of aviation fuel and non reduction of price to the consumer has helped a lot.

 

[moa999]

In recent months yes.

But I think more importantly has been the ceasefire in the domestic war - certainly I have noticed more full flights and more expensive fares,
And I think international fares have crept up as well, plus better utilisation of some aircaft

 

[RichardMEL]

Well AJ did say just last week something along the lines of the average tenure of a QF CEO was 10 years, and he was only at 6 and planning to stay around... could this be a rough equivalent of a sporting organisation like an AFL club declaring "The coach has the full support of the board" right before they sack him?

 

[Slime]

I reckon that being CEO of a big 4 Australian Bank would have to be one of the more easy public company CEO jobs around while being the CEO of Qantas would have to be one of the most demanding. Ms Kelly will be tested if the rumor is true.

 

[amaroo]

Can't see the CEO link ... [-]Chairman[/-] Chairperson is another matter.

 

[drron]

If you look purely at financial performance projections and current share price, AJ is actually doing a very good job at the moment.

Except at the beginning of November 2008 when AJ took over the share price was $2.61.

 

[RichardMEL]

If you wanted a bank CEO with airline experience you could do worse than Ralph Norris, former CEO of CBA and Air NZ.....

 

[samh004]

As much as I would like to see AJ leave I cant see that happening till more of the transformation program has been completed.

That is what I thought too, at least give him time to announce the turnaround successes of the first year.

I guess they might have the view that they need more female executives, and appointing one to the top would hit the nail on the head in terms of equality. But I do hope her plan wouldn't be just to make the business a mega cash earner by cost cutting, because as soon as the customer service slips and loyal customers start looking elsewhere, you also start earning less. In a bank, not such an issue, as your competitors are all the same, but there's still a lot of choice in airlines.

 

[777]

Can't see the CEO link ... [-]Chairman[/-] Chairperson is another matter.

I was thinking exactly the same thing.

 

[moa999]

Chairperson still unlikely.
Normally is someone who has been on the Board for a while so they have knowledge of the company, and for a company as large as Qantas, normally one with prior Chair experience

 

[love_the_life]

Just moved accounts to Westpac - got within a whisker (more than once) of pulling the whole thing. Sort of went south, when I read the paperwork and the bank officer had put our suburb name as Mr L_t_L's surname. She said she fixed it but when the cards arrived, guess what??? A number of the staff Mr L_t_L dealt with were either plain incompetent or idiots as they would give totally incorrect information. I think the only reason we did not bail out was that our original financial institution seemed to be offering the same minimal level of customer service.
Touch wood it is working so far and I had a person who knew what they were doing today when I went in to link the accounts.
Customer service is all in the processes and the staff - hope if there is a new CEO at some stage they recognise the importance of both.

 

[Himeno]

I reckon they'll want an airline executive to have some aviation experience.

Tom Horton

 

[DC3]

Could she get cheap loans from Westpac for QF members?

Maybe for the shareholders.

 

[amaroo]

Tom Horton

He's been appointed a director of a real business - Walmart

Doubt he'd be interested in dumbing down running a poxy OZ airline

 

[vetrade]

Someone is letting their imagination run wild here. The rumour probably got started on no more "evidence" than the fact that Gail Kelly will be available from next Feb.
Even if QF wanted her (which I think very unlikely given her lack of aviation experience) does anyone really think she would bother taking on an airline job at a fraction of her present remuneration in an industry whose profitability is notorious for being hostage to several factors fundamentally out of their control such as fuel prices and tourism downturns, not to mention the competitive disadvantages QF has compared to Virgin?

Expect Ms Kelly to ease back for a bit of a sabbatical and enjoy her significant wealth with her family for a while and then pop up in some other financial sector position where her expertise lies. Would not surprise to see her move to a leading financial services company like Goldman Sachs or Merrill Lynch, or maybe even a hedge fund. With her CV she could be earning 3 times what she made at Westpac if she is prepared to relocate to the UK or US.

The idea she would be interested in QF is crazy.

 

[RooFlyer]

Chairperson still unlikely.
Normally is someone who has been on the Board for a while so they have knowledge of the company, and for a company as large as Qantas, normally one with prior Chair experience

Chairman needs to know and control the Board and CEO, not the airline. I think GK would be very good at that (ie successful, experienced and female!)

 

[drivatruk]

[FONT=Trebuchet MS, Arial, Helvetica, sans-serif]Emirsyah Satar , President and CEO of Garuda Indonesia would have to be a starter. That airline would have to have had one the most remarkable turnarounds in the last five years of any airline I can recall. Safety, Food, Fleet, Staffing have all gone forward in that time.[/FONT]

 

[JessicaTam]

As rumours go, it's not a bad one.