New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Qantas Airways Limited announced it has already selected a new chief executive officer who will replace Alan Joyce, who is set to retire in November. The flag carrier of Australia promoted Vanessa Hudson to the role, and she will be the company’s very first female CEO.
According to Reuters, the incoming chief joined Qantas 28 years ago, and throughout her career at the company, she held several senior executive roles. She was also once the chief customer officer and senior vice president for the Americas and New Zealand there.
On the other hand, the retiring 56-year-old Joyce held the CEO role at the airline for more than 14 years. He had greatly helped the company to get over the difficulties brought about by the COVID-19 pandemic, stiff competition, and unstable prices of fuel.
Richard Goyder, Qantas Airways’ chairman, shared that the appointment of Hudson was the result of a careful selection process. They also organized a system for a smooth transition as Joyce exits and Hudson takes over.
“A lot of thought has gone into this succession and the Board had a number of high-quality candidates to consider, both internally and externally,” the Qantas chairman said in a press release. “Vanessa has a deep understanding of this business after almost three decades in a range of roles both onshore and offshore, across commercial, customer, and finance. She has a huge amount of airline experience and she’s an outstanding leader.”
He added, “A key strength of Qantas is the sheer depth of talent it has, and Vanessa will be supported by a deep bench of executives across the organization as well as by the Board.”
Meanwhile, Qantas Airways said that Hudson will remain in her current role as chief financial officer until she takes over as the company’s 13th CEO. She is set to formally assume the chief position at the upcoming 2023 annual general meeting.
Photo by: Josh Withers/Unsplash
