fruitbat
23rd Nov 2001, 03:17
CNBC is reporting that Rod Eddington has stepped down as a director of Qantas. Any more news or details?
daytrader
23rd Nov 2001, 03:29
QAN - ASX Company Announcement
$trn2
23 November 2001
Part 1/1
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QANTAS AIRWAYS LIMITED
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HOMEX - Sydney
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Media Release: British Airways Directors Reduced by Two
Qantas Airways announced today that the number of Directors appointed
by British Airways to the Qantas Board had been reduced from three to
two.
British Airways had the right to appoint and remove three Directors to
the Qantas Board while it owned more than 22.5 per cent of the issued
shares in Qantas.
Following the recent $450 million placement of shares by Qantas,
British Airways' shareholding has been reduced to less than 2.5 per
cent.
Subsequently, British Airways is now entitled to appoint two Directors
to the Qantas Board.
British Airways has advised Qantas that Rod Eddington will step down
as a non-executive Director of Qantas Airways.
Roger Maynard, British Airways Director Alliances, Investment and
Joint Ventures and Nick Tait will continue to serve on the Qantas
Board as Directors appointed by British Airways.
Qantas Chairman Margaret Jackson said: "It has been a pleasure to have
had Rod serve on the Qantas Board and we thank him for his
involvement."
Media Enquires: Michael Sharp - Telephone +61 2 9691 3469
Further information and media release can be found at the Qantas
internet website: www.qantas.com.au (http://www.qantas.com.au)
ends - AAP