Business NEWS

Why Alan Joyce new Qantas CEO will get up to $4.71m

By Amarendra Bhushan for CEOWORLD Magazine Updated:November 3, 2008

Designate Qantas Airways Ltd chief executive Alan Joyce could earn as much as $2.71 million in additional annual income from a cash and share-based incentive scheme, the company says.

This would top up his fixed remuneration of $2 million.

Mr Joyce, the chief executive of Qantas offshoot Jetstar, will take over from Geoff Dixon as head of Qantas at the company’s annual general meeting on November 28.

Qantas said in a statement to the Australian stock exchange on Monday that Mr Joyce would receive a fixed annual remuneration of $2 million.

Geoff Dixon
Chief Executive Officer

Geoff Dixon was appointed Chief Executive Officer and Managing Director of Qantas in March 2001. He was Chief Executive Designate from November 2000, after serving as Deputy Chief Executive Officer since November 1998. He was appointed to the Qantas Board in August 2000.

Mr Dixon is a Member of the Qantas Safety, Environment & Security Committee and Chairman of a number of controlled entities of the Qantas Group.

Mr Dixon is a Director of Consolidated Media Holdings Limited, Crown Limited and Air Pacific Limited. He was formerly a Director of Leighton Holdings Limited and Jetset Travelworld Ltd.

Mr Dixon joined Qantas in 1994 and has had responsibility in the airline for all commercial activities, including worldwide sales and marketing, network development, revenue management, fleet planning, cabin crew, customer service, product development and airline alliances.

Before joining Qantas, Mr Dixon was Director of Marketing and Industry Sales at Ansett Australia and General Manager of Marketing and Corporate Affairs at Australian Airlines. He has also worked in the Mining and Media Industries.

Mr Dixon is on the Governing Board of IATA and is a Member of the International Marketing Institute of Australia.

Alan Joyce
Chief Executive Officer Designate

Alan Joyce was appointed to the Qantas Board on 28 July 2008.

Mr Joyce will succeed Geoff Dixon as Chief Executive Officer following his retirement at the conclusion of the Qantas AGM on 28 November 2008.

He is a Director of Jetstar Pacific Airlines Aviation Joint Stock Company (in Vietnam) and a former Director of Orangestar Investment Holdings Pte Limited (holding company of Singapore-based Jetstar Asia and Valuair)

Mr Joyce was appointed Chief Executive Officer of Jetstar in October 2003.

Prior to his appointment at Jetstar, Mr Joyce spent over 15 years in leadership positions for full service carriers Qantas, Ansett and Aer Lingus.

At both Qantas and Ansett, he led the Network Planning, Schedules Planning and Network Strategy functions. Prior to that, Mr Joyce spent eight years at Aer Lingus, Ireland’s national carrier, where he held a number of roles in Sales, Marketing, IT, Network Planning, Operations Research, Revenue Management and Fleet Planning.

Mr Joyce holds a Bachelor of Science in Applied Science (Physics and Mathematics) (Honours) and a Master of Science in Management Science. He is also a Fellow of the Royal Aeronautical Society.

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