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flying1977 · 19th August 2008, 04:59 PM

From the SMH

Qantas chief financial officer Peter Gregg has resigned from the airline.

Mr Gregg has announced his departure just weeks after the company named Jetstar head Alan Joyce as its new chief executive to replace Geoff Dixon.

Mr Gregg, 53, will be succeeded by his deputy Colin Storrie, who assumes the role and joins the board on September 30.

Mr Gregg was appointed chief financial officer and to the board of Qantas in 2000 and will leave the airline on December 31.

He was this year named as one of thee contenders for the chief executive job, along with the airline's executive general manager John Borghetti and Mr Joyce.

Mr Dixon said Mr Gregg had been integral to the airline's success over the past decade.

"Peter has made a wonderful contribution in both the financial and strategic directions of Qantas over the past eight years and has served the company and shareholders with distinction,'' Mr Dixon said.

Mr Gregg said his decision was in the best interests for shareholders as the company prepares for its new chief executive, Mr Joyce, to take over.

"It has been a privilege to have contributed to the management and strategic development of this great company,'' he said.

"With a new incoming CEO, I believe that signalling now my intention to step down from both my executive and non-executive roles is in the best interests of shareholders and the company.''

Qantas reports its annual results on Thursday.

The group's shares finished down 6 cents at $3.45 today.

19th August 2008, 04:59 PM	#1 (permalink)
flying1977 Junior Member Join Date: Jul 2007 Location: Tamworth Posts: 44	New Qantas CFO From the SMH Qantas chief financial officer Peter Gregg has resigned from the airline. Mr Gregg has announced his departure just weeks after the company named Jetstar head Alan Joyce as its new chief executive to replace Geoff Dixon. Mr Gregg, 53, will be succeeded by his deputy Colin Storrie, who assumes the role and joins the board on September 30. Mr Gregg was appointed chief financial officer and to the board of Qantas in 2000 and will leave the airline on December 31. He was this year named as one of thee contenders for the chief executive job, along with the airline's executive general manager John Borghetti and Mr Joyce. Mr Dixon said Mr Gregg had been integral to the airline's success over the past decade. "Peter has made a wonderful contribution in both the financial and strategic directions of Qantas over the past eight years and has served the company and shareholders with distinction,'' Mr Dixon said. Mr Gregg said his decision was in the best interests for shareholders as the company prepares for its new chief executive, Mr Joyce, to take over. "It has been a privilege to have contributed to the management and strategic development of this great company,'' he said. "With a new incoming CEO, I believe that signalling now my intention to step down from both my executive and non-executive roles is in the best interests of shareholders and the company.'' Qantas reports its annual results on Thursday. The group's shares finished down 6 cents at $3.45 today.