Virgin Blue has appointed John Borghetti as the airline’s new chief executive officer and managing director, effective May 8, 2010. Mr Borghetti left Qantas two years ago, where he was the general manager, ostensibly because of losing out on the top job there to current CEO Alan Joyce.
VBA chairman Neil Chatfield said: “We are delighted to have John join us. He is a highly regarded executive with deep aviation experience and insights, proven strategic capabilities and strong marketing credentials. Nobody knows the market better and he is passionate about the aviation business.
Current Virgin Blue CEO and co-founder of the company Brett Godfrey announced in July 2009 his intention to step down from the leadership role this year.
“With the company poised to move to its next level, John is the right person to now lead Virgin Blue through that new phase of evolution,” Mr Chatfield said.
Mr Borghetti said he feels privileged to have been selected as the new leader of Virgin Blue.
“It’s a great business with a great team and great culture – you can feel the energy in the people and the brand. The company is in good shape and is exceptionally well placed to build on its strengths and embrace revenue growth opportunities ahead. I look forward to working with the team to create an even more competitive environment for air travellers – domestic and international,” he said.
John Borghetti has some 36 years experience in a wide range of senior roles at Qantas, which he left in May 2008.
Mr Borghetti was executive general manager of Qantas over the six years before he left the group and was responsible for over $10bn in revenue per annum, up to 16,000 staff and assets including approximately 200 aircraft.
He headed domestic and international operations including network operations, scheduling and pricing, sales and marketing, crew, customer service, product and brand. These responsibilities covered all full-service airlines in the Qantas group, which in addition to Qantas mainline, also included Australia’s regional carrier QantasLink and Qantas’s New Zealand operation Jetconnect. During his tenure as executive general manager Qantas Airlines, the company achieved its highest reported profit of over $1.4bn.
Qantas loses another
While Virgin Blue was celebrating the arrival of John Borghetti, Qantas has announced that Qantas’ chief financial officer, Colin Storrie, intends stepping down and resigning from the board in order to spend time with his family for personal and health reasons.
Mr Storrie’s resignation will take final effect from 5 March and the board had
agreed to succession arrangements proposed by CEO Alan Joyce. Qantas will consider internal and external candidates to replace Mr Storrie, and has engaged advisers to assist.
Mr Joyce said Qantas has appointed Mr Gareth Evans as acting group executive finance for the Qantas Group until a permanent replacement for Mr Storrie is selected. Mr Evans is currently CFO of Qantas airline.
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