domo
10th Mar 2006, 22:37
Qantas CEO for PBL's A-team
John Lehmann
March 11, 2006
JAMES Packer's makeover of the Publishing & Broadcasting Ltd board is set to continue with the appointment of Qantas chief executive officer Geoff Dixon.
Mr Dixon's appointment, expected to be announced next month, would come after UBS chairman Chris Mackay and Patrick chief Chris Corrigan were announced as new directors of the media and gaming company this week.
"James Packer seems intent on making this board the heavyweight team of corporate Australia," one banker said yesterday.
Mr Packer, PBL's executive chairman, has come to value Mr Dixon's talents since joining the Qantas board in March 2004 at the invitation of chairwoman Margaret Jackson.
Mr Dixon, 66, is regarded as a hard-nosed operator who has managed to avoid a minefield of potential pitfalls while turning Qantas into the world's second most profitable airline.
Mr Dixon, who attended Kerry Packer's state memorial service last month, is expected to resign from his directorship at Leighton Holdings to take up the PBL position.
Mr Packer has wasted little time injecting new talent into the board since the Boxing Day death of his father.
Mr Mackay, who has relinquished his role as UBS chairman to chief executive and country head Brad Orgill, is regarded as one of the sharpest merchant bankers in the country.
"You would expect he will be very much part of any deals PBL contemplates in the future," a banking colleague said.
Mr Mackay is a disciple of value investors Benjamin Graham and Warren Buffett. Typically, those investors search for unloved but potentially sound companies.
Mr Corrigan, a close associate of PBL chief executive John Alexander, also had a background in investment banking with Bankers Trust Australia, before taking control of transport conglomerate Patrick Corp in late 1996.
The pair were appointed following the resignation of long-serving PBL directors Robert Whyte and Laurence Muir.
Both were close friends of Kerry Packer.
Rowena Danziger, who has been on the board for nearly 10 years, will remain on the board.
you think that he has a full time job upsetting qantas workers.must not be earning enough that he needs a part time job. i will be working two jobs as well after his reforms are finished
John Lehmann
March 11, 2006
JAMES Packer's makeover of the Publishing & Broadcasting Ltd board is set to continue with the appointment of Qantas chief executive officer Geoff Dixon.
Mr Dixon's appointment, expected to be announced next month, would come after UBS chairman Chris Mackay and Patrick chief Chris Corrigan were announced as new directors of the media and gaming company this week.
"James Packer seems intent on making this board the heavyweight team of corporate Australia," one banker said yesterday.
Mr Packer, PBL's executive chairman, has come to value Mr Dixon's talents since joining the Qantas board in March 2004 at the invitation of chairwoman Margaret Jackson.
Mr Dixon, 66, is regarded as a hard-nosed operator who has managed to avoid a minefield of potential pitfalls while turning Qantas into the world's second most profitable airline.
Mr Dixon, who attended Kerry Packer's state memorial service last month, is expected to resign from his directorship at Leighton Holdings to take up the PBL position.
Mr Packer has wasted little time injecting new talent into the board since the Boxing Day death of his father.
Mr Mackay, who has relinquished his role as UBS chairman to chief executive and country head Brad Orgill, is regarded as one of the sharpest merchant bankers in the country.
"You would expect he will be very much part of any deals PBL contemplates in the future," a banking colleague said.
Mr Mackay is a disciple of value investors Benjamin Graham and Warren Buffett. Typically, those investors search for unloved but potentially sound companies.
Mr Corrigan, a close associate of PBL chief executive John Alexander, also had a background in investment banking with Bankers Trust Australia, before taking control of transport conglomerate Patrick Corp in late 1996.
The pair were appointed following the resignation of long-serving PBL directors Robert Whyte and Laurence Muir.
Both were close friends of Kerry Packer.
Rowena Danziger, who has been on the board for nearly 10 years, will remain on the board.
you think that he has a full time job upsetting qantas workers.must not be earning enough that he needs a part time job. i will be working two jobs as well after his reforms are finished