Investing
Virgin Australia CEO Jayne Hrdlicka to step down amid IPO preparations
© Reuters. FILE PHOTO: A Virgin Australia Airlines Boeing 737-800 plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. REUTERS/Loren Elliott/File Photo
(Reuters) – Bain Capital-owned Virgin Australia said on Tuesday its CEO, Jayne Hrdlicka, is stepping down from her role, as the carrier gears up for its next phase of transformation with an initial public offering in the works.
Hrdlicka’s resignation comes after the airline returned to profitability in fiscal 2023 alongside a strong first half into 2024.
In her four-year tenure, Hrdlicka was in charge of Virgin’s operations during challenges linked to the COVID-19 pandemic.
“Her leadership was fundamental to repositioning the airline back to its roots as a value carrier, returning Virgin Australia to profitability for the first time in 11 years,” Virgin Australia Chairman Ryan Cotton said.
The airline said it intends to commence a global search process for a new CEO.
Read the full article here
-
Side Hustles6 days ago
3 Steps You Can’t Miss When Growing Your Business
-
Make Money6 days ago
Here’s the Typical American’s Income at Every Age. How Do You Compare?
-
Investing6 days ago
Germany stocks lower at close of trade; DAX down 0.65% By Investing.com
-
Investing6 days ago
How I Transformed My Business by Letting Go of Low-Value Tasks
-
Side Hustles4 days ago
How Your Body Language Can Help Win a Disagreement
-
Passive Income4 days ago
Are You Running Your Business, or Is Your Business Running You?
-
Side Hustles5 days ago
How to Develop Empowered Leaders Within Your Own Team
-
Passive Income6 days ago
CVS Is Laying Off Thousands in Cost Cutting Initiative