Bottom line
- Jayne Hrdlicka has actually resigned after leading Virgin Australia for 4 years.
- The next stage of Virgin Australia’s change will consist of a going public.
- A date hasn’t been formally revealed however is thought to be prepared for the March quarter.
Virgin Australia’s Jayne Hrdlicka has actually chosen to step down as president after effectively guiding the airline company out of administration and into success.
The board of Virgin Australia will start an international search procedure for a brand-new CEO, the business revealed on Tuesday.
“I have actually chosen the time is best for me to signify CEO shift for this fantastic airline company and eventually to pass the baton on,” Hrdlicka stated.
“This is not a choice I have actually ignored, however the last 4 years have actually been heavy lifting throughout the organisation throughout the hardest of times.”
The next stage of Virgin Australia’s change will consist of a going public, Hrdlicka’s declaration verified.
A date hasn’t been formally revealed however is thought to be prepared for the March quarter.
“The next stage of this journey is another 3 to 5 years, making now the best point to start the procedure of management shift,” she stated.
Virgin Australia chairman Ryan Cotton stated Hrdlicka had actually led the airline company through the most rough times in its over 20-year history, returning it to success for the very first time in 11 years and had actually laid a strong structure for ongoing development.
He thanked Hrdlicka for her management, dedication and devotion.
Virgin Australia participated in voluntary administration early in April 2020, an early prominent business victim of the COVID-19 pandemic.
Bain Capital got the airline company a couple of months later on and structured and refocused it.
A previous president of A2 Milk Co and Jetstar Group, Hrdlicka stays the chairwoman of Tennis Australia.