Qantas chairman Richard Goyder will resign within the next 12 months as the Qantas board attempts to repair the airline’s damaged reputation.
The company’s board of directors made the announcement this morning in a press release to the stock exchange.
Mr Goyder is under increasing pressure to resign from the company, following the controversial departure of former chief executive Alan Joyce at the start of September.
Less than three weeks ago, Mr. Goyder said he had the confidence of the board and that major investors wanted him to stay.
But today the Qantas board said it was time to renew it “in recognition of the reputational issues the group faces”.
It said Mr Goyder would retire before the company’s annual general meeting at the end of 2024.
“As a board, we recognize the significant reputational and customer service issues facing the group and recognize that accountability is necessary to restore trust,” Mr Goyder said in a statement.
“Qantas has faced an incredibly difficult time since our operations were disrupted during the pandemic. The recovery has not been easy and mistakes have been made. We apologize again for the times when we got it wrong.
“I have always sought to act in the best interests of Qantas. A measured and orderly succession at board level will support the important ongoing work led by Vanessa (Hudson) and her new management team.
“Fundamentally, the group is in a very strong position to overcome its current challenges and meet the expectations of all its stakeholders in the years to come,” he said.