Qantas Airways said on Tuesday that long-serving CEO Alan Joyce would exit the company two months earlier than previously flagged as a reputational turbulence engulfs Australia’s flagship carrier.
Joyce’s early retirement will see CEO Designate Vanessa Hudson, the first woman to lead the century-old airline, take charge on Wednesday.
The accelerated departure comes after Qantas apologised for its service standards falling short and acknowledged it was suffering reputational damage, after Australia’s competition regulator sued it for allegedly selling tickets for thousands of cancelled flights.
