Qantas Chairman Richard Goyder to Step Down Amidst Efforts to Restore the Airline's Reputation

75
1
Qantas Chairman Richard Goyder to Step Down Amidst Efforts to Restore the Airline's Reputation

Paraphrased Text:

Qantas chairman, Richard Goyder, will resign within the next year as part of the Qantas board's endeavors to repair the airline's damaged image. Goyder has faced mounting pressure to step down, especially after the controversial departure of former CEO Alan Joyce. The High Court recently ruled that the airline acted unlawfully when it dismissed 1,700 ground crew members during the COVID-19 pandemic. Additionally, the competition regulator filed a lawsuit against Qantas for allegedly selling tickets to numerous flights that had already been canceled in 2022. Despite prior claims of board and investor support, Goyder's decision to depart the board has been welcomed by the Australian Shareholders' Association and the Australian Council of Superannuation Investors. The airline has announced that new directors, including the CEO Vanessa Hudson, will be appointed at the upcoming annual general meeting. However, the Transport Workers' Union criticized Goyder's retirement and urged a complete governance reset at the airline. Overall, this succession at the board level aims to support the ongoing efforts led by Hudson and her new management team to rebuild trust and improve the airline's operations.