Qantas CFO resigns

Qantas Airways announced today that Peter Gregg would step down as Chief Financial Officer (CFO) and as a member of the airline’s Board

on 30 September 2008. Mr Gregg would be succeeded as CFO of Qantas by Mr Colin Storrie, currently the Deputy CFO.

Mr Storrie will assume the CFO role and take a place on the Qantas Board on 30 September. Mr Gregg will assist with the transition to a new CFO and leave Qantas on 31 December 2008.

Outgoing CEO, Geoff Dixon, stated, "Peter has made a wonderful contribution in both the financial and strategic directions of Qantas over the past eight years and has served the company and shareholders with distinction”, Mr Dixon said.

The announcement is another key step in the establishment of a new executive team under Qantas' new CEO, Leigh Clifford.

Mr Gregg was one of three internal candidates for Mr Dixon's job. Jetstar CEO, Alan Joyce, was last month selected to succeed Mr Dixon as Qantas CEO later this year.

Mr Gregg said: “It has been a privilege to have contributed to the management and strategic development of this great company. With a new incoming CEO, I believe that signalling now my intention to step down from both my executive and non-executive roles is in the best interests of shareholders and the company.”

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