Latest news with #JayneHrdlicka
AU Financial Review
6 days ago
- Business
- AU Financial Review
ASX Limited shares plunge; Hrdlicka hires Bain; Trump chaos is partly your fault
Want to get this in your inbox at lunchtime every weekday? Financial Review subscribers can sign up for The Brief newsletter here. Plus start your day with our Before the Bell newsletter and read a full wrap of the day's news in Market Wrap. In today's news, the sharemarket operator says it will need to spend millions on responding to an ASIC inquiry; Jayne Hrdlicka brings in a private equity giant to review Endeavour Group; Donald Trump turns the chaos dial back up and investors are unfazed.
Yahoo
04-08-2025
- Business
- Yahoo
Endeavour Group exec chair leaves over board disagreements
Endeavour Group's executive chairman Ari Mervis has resigned from the Australian retail, wine and spirits business following a dispute with its board. "Endeavour Group today announces that Mr Ari Mervis has resigned as Executive Chairman effective 3 August 2025, citing disagreements with the board," an announcement on the ASX read today (4 August). Mervis had been promoted to executive chairman in February, following the departure of Endeavour Group's CEO Steve Donohue in March. Duncan Makeig, lead independent director, will take on the interim chair position and manage the search for a new independent chair. The chair position is expected to be filled before the start of next year, Endeavour said. Endeavour's chief financial officer Katie Beattie has also been appointed interim CEO. Jayne Hrdlicka was picked to take the reins as CEO of Endeavour in May. She starts the role in March next year. Group deputy CFO Tali Ross is to become interim CFO of the company. Makeig said: 'Kate has worked closely with the management team to ensure that operational performance and momentum is maintained across our business. We are confident in Kate's ability to continue leading the business as interim CEO through to Jayne's commencement in January.' 'The Board and management are undertaking a strategy refresh which will include a portfolio-wide examination of the Group's performance, key business drivers and execution across Retail, Hotels and the Pinnacle business, with the clear aim of maximising long term shareholder value.' Commenting on Mervis' departure, Makeig added: 'The board acknowledges Ari's service to Endeavour Group, a company we all agree has an irreplaceable asset base and unique opportunities in the future.' In the same announcement, Endeavour also revealed its preliminary estimates for its full-year results for 2025. It expects its full-year sales for 2025 to reach A$12.1bn. The group booked A$12.3bn in sales in 2024. Statutory net profit after tax is anticipated to sit between A$420m and $425m, which would be a dip on last year, where the company saw profit for the period after tax sit at A$512. Endeavour attributed the predicted 2025 figure to "a number of one-off items" in the period, such as "restructuring and redundancy costs and an impairment" linked to shutting its Prowine bottling site in South Australia. Endeavour's final full-year results for 2025 will be published on 25 August. "Endeavour Group exec chair leaves over board disagreements" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
AU Financial Review
25-06-2025
- Business
- AU Financial Review
Virgin's comeback is a lesson on managing executive energy
This week's Virgin Australia initial public offering is being hailed as a turnaround story, and rightly so. Just four years ago, the airline was bankrupt. But today it's back on the ASX with impressive momentum, thanks in large part to the leadership of recently departed chief executive Jayne Hrdlicka, who steered the business through its ambitious post-pandemic rebuild. But what's often overlooked in these complicated, high-stakes restructures is what it takes to drive that kind of long-haul transformation. Strategy alone does not supercharge a comeback like this, it takes a leader who knows how to manage their energy.
AU Financial Review
04-06-2025
- Business
- AU Financial Review
Dave Emerson emerges from consultancy-land for Virgin's ASX redux
Dave Emerson is the man at the centre of the most talked-about float of the year, the executive who is running the country's second-biggest airline and, at the end of the month, likely to be the toast of the market. And yet, it is difficult to find someone who knows him, let alone has met him. Those who have met the newish Virgin Australia chief executive – he took over from long-time managing director Jayne Hrdlicka in March after almost four years as chief commercial officer – describe him as 'fair'. Others say he is 'consultant like'. It is hardly rousing stuff. But here he is, 58 years old, Arizona-born, and the man who navigated Virgin back to the ASX.
Bloomberg
28-05-2025
- Business
- Bloomberg
Qatar Airways CEO & Ex Virgin Australia CEO on Aviation Industry
Qatar Airways CEO Badr Mohammed Al Meer and Former Virgin Australia CEO Jayne Hrdlicka spoke to Bloomberg's Francine Lacqua at the Qatar Economic Forum on the future of the aviation industry, and the growing competition between Airbus and Boeing, the two leading global manufacturers of commercial aircraft. (Source: Bloomberg)
