Qantas gets four new CEOs. No, Alan Joyce hasn't stepped down. But he has announced a new management structure that will see the Qantas Group reshuffle four CEOs.
The move comes as part of Joyce's announcement that Qantas Airlines (which combines Qantas International and Qantas Domestic) will be managed as two distinct businesses, with two separate CEOs.
Joyce's freshly minted CEOs include Simon Hickey, who becomes head of Qantas International and Lyell Strambi, who takes on Qantas Domestic.
Lesley Grant becomes CEO of Qantas Frequent Flyer, taking over from current CEO of the division, Hickey.
The reshuffle will also see Jetstar Group CEO Bruce Buchanan stepping down after six months, with his role to be taken over by Jayne Hrdlicka, who's currently responsible for strategy and technology.
And Rob Gurney, group executive commercial and freight, has deemed it "appropriate to leave the group".
It's all part of the next phase of Joyce's five-year transitional plan, outlined in August last year.
Joyce said in this morning's ASX announcement that formally separating the management of Qantas will allow the international and domestic arms to run independently, and according to specific priorities and market conditions.
Ousted: Boral chief Mark Selway. Fresh from undertaking a major restructure at Boral, Mark Selway will be leaving the CEO post in a move that appears to have been determined by his board.
According to the ASX statement released this morning, Selway will remain with the company until the end of July to assist with "transition arrangements".
Selway's been at the helm of Boral since January 2010. His two-year restructure included closing non-performing parts of the business.
Boral Chairman Dr Bob Every said that the board needs a Chief Executive "with a leadership style suited to harmonizing the changes that have occurred over the last two years".
Ross Batstone, Boral Building Product managing director has been appointed interim CEO.