At the fag end of the same week he announced an improved result that sent Qantas shares soaring, QF CEO Alan Joyce announced the departure of two of his most senior executives, Simon Hickey and Lyell Strambi, as part of a restructure revealed late Friday.
Mr Joyce, who previously restructured Qantas management just two years ago, said both Hickey and Lyell had resigned. He said they done a great job but would not be part of the future.
“As a result of the new structure the current CEO of Qantas International, Simon Hickey, and CEO of Qantas Domestic, Lyell Strambi, have decided to leave the Qantas Group.
“The revised executive team will consist of:
- Andrew David – CEO of Qantas Domestic (currently Chief Operating Officer for Qantas Airways).
- Gareth Evans, CEO of Qantas International and Freight (currently CFO for the Qantas Group).
- John Gissing – Group Executive Associated Airlines & Services (currently CEO for QantasLink, will now report to the Group CEO).
- Robert Marcolina, Group Executive Strategy, Transformation & IT (currently Executive Manager, Group Strategy; this expanded role will now report to the Group CEO).
- Tino La Spina, Group Chief Financial Officer, Qantas Group (currently Deputy CFO for the Qantas Group).
“The following roles on the Executive Team remain unchanged:
- Andrew Finch – General Counsel and Company Secretary
- Lesley Grant – CEO, Qantas Loyalty
- Jayne Hrdlicka – CEO, Jetstar
- Andrew Parker – Group Executive, Government and International Affairs
- Jon Scriven – Group Executive, People and Office of the CEO
- Olivia Wirth – Group Executive Brand, Marketing and Corporate Affairs
“This represents a flatter structure for the broader Qantas Group executive team, with the positions of Deputy CFO, QantasLink CEO and Qantas Airways Chief Operating Officer not being replaced.
“Transition to the new structure will begin in the New Year, with changes finalised by March 2015.”
The last restructure was in 2012.