A turbulent two weeks for Qantas have today culminated in its group chief executive Alan Joyce fast-tracking his retirement by two months to help the organisation and its brand accelerate its renewal.
Joyce was on the way out in any case, and was paid a board-approved bonus worth more than A$10 million on Friday, to which were to be added short-term and long-term bonuses taking the total to $24 million.
What the early retirement will do is bring forward the arrival of chief executive-designate Vanessa Hudson to Wednesday, to enable her to drive a cultural change and a new strategy.
