Qantas picks first female CEO as Alan Joyce prepares to depart

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Australia's flagship carrier, Qantas, named finance chief Vanessa Hudson as its next chief executive officer, making her the first woman to lead the century-old airline

Airline shares drop 2.4% after announcement, on Tuesday named finance chief Vanessa Hudson as its next chief executive officer, making her the first woman to lead the century-old airline.

"I come with an understanding of this organization that is very deep," Hudson told reporters in her first news conference as CEO designate. Though men still account for far more top executive roles in Australian-listed companies, a growing number of high-profile CEO roles are occupied by women, including at the No. 1 investment bank, Macquarie Group, top telco Telstra Corp, oil and gas giant Woodside and financial services firm AMP.

The announcement is a golden opportunity for a reset at Qantas, Transport Workers’ Union National Secretary Michael Kaine said in a statement.to a record first-half profit from a loss this year, as raging travel demand from a population shaking off years of pandemic restrictions jacked up fares and profits.

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