February 23, 2024

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Qantas names first feminine CEO as Vanessa Hudson succeeds Joyce

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Hudson is a skilled accountant who has labored at Qantas since 1994 in a number of roles and lives in Sydney along with her husband and two daughters.

She began as chief monetary officer in October 2019, just some months earlier than the COVID-19 pandemic devastated the journey trade globally.

In March 2020, underneath her management, Qantas secured $628 million of debt funding in opposition to its plane fleet to assist strengthen its monetary place, transferring sooner than most carriers to shore up capital to cope with the plunge in demand.

In June 2020 she led a $1.3 billion capital elevating to assist see the airline by way of the pandemic, the service’s first fairness elevating in additional than a decade.

She has additionally overseen the airline’s fleet substitute and enlargement plans as a part of her position as chief monetary officer, together with a multi-billion greenback order for Airbus SE jets positioned final 12 months.

Hudson managed the airline’s steadiness sheet successfully as demand rebounded, with Qantas asserting a shock $276 million share buyback in August 2022 after debt fell under its focused vary.

In latest months, Hudson was seen as a probable candidate to succeed Joyce, who had led the airline since 2008.

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