Qantas Chairman Richard Goyder Announces Early Retirement From Board

Qantas chairman Richard Goyder has announced his early retirement, aligning with the airline’s decision to overhaul its executive team.

Mr Goyder will retire prior to the 2024 Annual General Meeting, who said, “as a board, we acknowledge the significant reputational and customer service issues facing the group and recognise that accountability is required to restore trust”.

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His retirement comes after he told a Senate inquiry last month he would not step down, following the departure of former chief executive Alan Joyce.

The board renewal will also see, non-executive director Michael L’Estrange retire at this year’s AGM, as announced in May.

A further two members of the board will also step aside in February.

Three new directors will offer themselves for election at this year’s AGM, Doug Parker, Dr Heather Smith, and chief executive and managing director Vanessa Hudson, as well as two existing directors, Todd Sampson, and Belinda Hutchinson.

In a media statement by Qantas, Mr Goyder “again apologised for those times were we got it wrong”.

“Qantas has gone through an incredibly difficult period since our operation was grounded during the pandemic. The recovery has not been easy, and mistakes were made,” he said.

“I have always sought to act in the best interests of Qantas. Measured and orderly succession at board level will support the important work underway led by Vanessa and her new management team.

“Fundamentally, the Group is in a very strong position to overcome its current challenges and deliver for all its stakeholders in the years ahead.”

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