View Full Version : Hrdlicka gone?
A mate pointed out to me a media release posted today to the NZ and Australian stock exchanges by A2 Milk indicating that Mrs Hrdlicka is their newly appointed CEO taking up the role at the start of FY19- so presume July 18.
Obviously didn't enjoy working as head of loyalty? Wasn't going to replace AJ? Does anyone recall how long ago that reshuffle happened when she moved on from JQ?
downdata
13th Dec 2017, 20:52
A mate pointed out to me a media release posted today to the NZ and Australian stock exchanges by A2 Milk indicating that Mrs Hrdlicka is their newly appointed CEO taking up the role at the start of FY19- so presume July 18.
Obviously didn't enjoy working as head of loyalty? Wasn't going to replace AJ? Does anyone recall how long ago that reshuffle happened when she moved on from JQ?
Under a Qantas (QAN) management restructure announced in August, Ms Hrdlicka took over the running of the Qantas loyalty business last month after running budget carrier Jetstar for the past five years.
Autobrakes4
13th Dec 2017, 20:54
Wow, that's funny. Her last job was head of loyalty. For 4 weeks!!!!!!!!!!!
News article here at SMH. (http://www.smh.com.au/business/aviation/qantas-high-flyer-in-shock-departure-for-a2-milk-20171213-p4yxou.html)
TBM-Legend
13th Dec 2017, 21:32
The search is on in Oxford Street for her replacement..
Rated De
13th Dec 2017, 21:45
From sources she did not do well at WOW.
Mr Evans is there at JQ to clean up in preparation for among other reasons IFRS16.
He will return to QAN...
UnderneathTheRadar
13th Dec 2017, 22:07
dammit - have to find a new brand of milk to drink......
The Green Goblin
13th Dec 2017, 22:24
Milk, skincare. Seems to be the path of failed JQ executives.
Lookleft
13th Dec 2017, 22:28
What's IFRS16?
I'm not surprised she has gone as it is a big drop in responsibility and prestige to go from being a Group CEO to being EM of a division that I imagine runs itself mostly. I think the HK debacle was her responsibility so from what I can tell if you cost the business a lot of money or damage its reputation, or both, you are eventually replaced.
Qantas 787
13th Dec 2017, 23:12
At least she wont be AJs replacement so that is a good thing. Evans is in the box seat now
itsnotthatbloodyhard
13th Dec 2017, 23:36
I think the HK debacle was her responsibility so from what I can tell if you cost the business a lot of money or damage its reputation, or both, you are eventually replaced.
Debacle? No, no, no. :=
“Jetstar HK was a big positive for us, because we’ve been able to leverage off our learnings”. :yuk::yuk::yuk::yuk:
Lookleft
13th Dec 2017, 23:39
Sorry yes silly me. I haven't been drinking my Kool Aid while reading Yammer lately.:ok:
Willie Nelson
14th Dec 2017, 03:20
Far be it for me to run to the defence of management executives but tell me Green Goblin and others who are implying the same:
Milk, skincare. Seems to be the path of failed JQ executives.
I'm interested to know what you define as a "failed JQ executive"....really.
With return on capital at Jetstar at the best part of 15 percent including Jetstar Asia, an extremely good safety record and complaints from the rest of us tech crew now focused almost exclusively around rostering issues, it seems passing strange that this period of time would be aptly described as a failure by any objective measure.
If I take my retirement from Jetstar a little earlier than usual and choose to go back to GA at some point that I am therefore defined as a failure?
Or does every decision I ever make have to be seen as a tremendous success and every job I take necessarily bigger and better than the last? That would be a pretty high benchmark for anyone to live by. Perhaps you lot set me straight though.
Airbus A320321
14th Dec 2017, 04:11
Far be it for me to run to the defence of management executives but tell me Green Goblin and others who are implying the same:
I'm interested to know what you define as a "failed JQ executive"....really.
With return on capital at Jetstar at the best part of 15 percent including Jetstar Asia, an extremely good safety record and complaints from the rest of us tech crew now focused almost exclusively around rostering issues, it seems passing strange that this period of time would be aptly described as a failure by any objective measure.
If I take my retirement from Jetstar a little earlier than usual and choose to go back to GA at some point that I am therefore defined as a failure?
Or does every decision I ever make have to be seen as a tremendous success and every job I take necessarily bigger and better than the last? That would be a pretty high benchmark for anyone to live by. Perhaps you lot set me straight though.
The 'I make sure I'm home every night with my family' quote when here entire workforce is almost exclusively shift workers disengaged the entire workforce.
Appointing GS as chief pilot.
No Neos delivered.
On time performance turned to rubbish.
The J board fiasco.
Her presence at JQ was nothing but a negative.
busdriver007
14th Dec 2017, 04:45
Silly Willy- since when has a Low Cost Carrier returned 15%. No Airline in the world returns that! All Airlines need to cease to trade because Jetstar is amazing!
Lookleft.
IFRS19 comes into effect on 01/01/19. It is a new financial requirement that eliminates most rentals and leases from off balance sheet accounting. This will impact on companies credit ratings, borrowing costs and over gearing. I am confident there may be some major issues for the Qantas Group if the rumours about their accounting practices are true.
blow.n.gasket
14th Dec 2017, 07:55
And this financial year , so I’m told , Income streams need to be “ teased from the integrated reporting model “ that Qantas Group has been using .
Should make it easier to discern where the money is actually realised next Financial Year .
Iron Bar
14th Dec 2017, 08:08
A320321
Jane took control of the last EA and sorted that real quick when it was a mess.
Surely a good result for pilots? Does the rest really matter?
Airbus A320321
14th Dec 2017, 09:09
A320321
Jane took control of the last EA and sorted that real quick when it was a mess.
Surely a good result for pilots? Does the rest really matter?
Mate, we had to threaten and get approval for industrial action to get that eba done. Jayne didn't take control of sh!t. A competent CEO wouldn't have let it come to that.
Iron Bar
14th Dec 2017, 09:41
Yeah she could have stepped in sooner, but I think the enlightening "chat" she had with the Sydney crew (after she took it on) made more of a point than the proposed action. Did that actually get approved in the end, thought it may have been held off for fresh negotiations? Anyway done now.
In my experience she was a no bull**** lady who told it straight.
ExtraShot
14th Dec 2017, 09:58
Sorry yes silly me. I haven't been drinking my Kool Aid while reading Yammer lately.:ok:
Wait, you read Yammer?
blow.n.gasket
14th Dec 2017, 10:07
Just another carpet bagging , pseudo Manager , absentee landlord shown the door.
Nothing to see , move along now !
The Qantas group is full of them !
Stop ECAM
14th Dec 2017, 11:38
"Jane took control of the last EA and sorted that real quick when it was a mess.
Surely a good result for pilots? Does the rest really matter?"
Surely you jest?!?!
I'm lead to believe that after PIA was approved AJ turned up to get things moving. Mind you that was 2 years down the track from the expiry of the last EBA. JH's only response was, according to sources, "there's no more money"! Fooled 70 something % of the drivers who signed up for a 18 month pay freeze and she received over $4M in salary/bonuses. Outlandish for a LCC to pay such gratuity when the constant message is "we have to cut costs".
Looking at QF/JQ finances for 16/17 she received over $8M and now has promptly run away leaving the low cost 'conditions' to those that remain and actually have a long term stake at JQ.
The only interest these managers appear to possess is short-term self interest & not a lot more!
Iron Bar
14th Dec 2017, 11:49
Sheez ok ok! You guys will have to find a new brand of milk.
Merlins Magic
14th Dec 2017, 19:52
Sheez ok ok! You guys will have to find a new brand of milk.
You can afford A2 milk? Must be a good EBA😎
Most of us have to buy the Woolworths brand
Popgun
14th Dec 2017, 19:57
and of course who can forget the wonderful 'improvements' to staff travel for her JQ minions that she signed off on!
(For those not aware, everyone in the QF group was made equal on JQ aircraft while JQ staff were left remaining as second class citizens on QF aircraft)
PG
Don Diego
15th Dec 2017, 05:53
What blow.n.gasket says :ugh:
AEROMEDIC
15th Dec 2017, 09:25
he 'I make sure I'm home every night with my family' quote when here entire workforce is almost exclusively shift workers disengaged the entire workforce.
Well, it WAS accepted by Joyce from the outset that she be able to do this.
On the other hand, Jetstar Hong Kong SHOULD have ben operating. Operating a business in China by a foreign entity no matter how many locals you put on the board has always been difficult. Start a business, the Chinese put as many administration obstacles in your way until eventually you give up. You sell "for a song" what is left to get SOMETHING back, and the Chinese move in, employ your business model without the obstacles and reap the rewards. Easy. Although in this case, there's no more a/c.
Perhaps she failed to see how things were done and dug in against them.
Still, the engagement of staff is critical in a successful business and especially in a NEW business and from most reports, she lived in a "different world".
Des Dimona
15th Dec 2017, 21:04
she lived in a "different world"
That's an understatement - Under her so called "management", there was a total lack of effective engagement, with personal agendas that effectively compromised and crippled the operational management of Jetstar.
Her decisions had immediate effect, but it will take some time to undo the damage that was inflicted under her leadership.
Jboards, the Chief Pilot experiment etc etc ............:mad:
The list goes on.
Airbus A320321
15th Dec 2017, 23:07
[QUOTE=AEROMEDIC;9990913]Well, it WAS accepted by Joyce from the outset that she be able to do this.
If she wanted to work hours at head office that allowed her to pick her kids up from school that's all good, but to gloat about it I'm a newspaper article really wasn't a good move. We all gave her a chance when she started but this was one of many incidents that discredited her with the workforce. Don't let the door hit you on the way out Jayne (real name Carla fyi).
Rated De
16th Dec 2017, 06:17
Her less than frank handling of JQ HK cost her. Eyebrows were raised when certain documentation showed exactly who footed the bill.
indamiddle
18th Dec 2017, 03:47
She has made a very smart move to a2.
It's a money making machine that keeps on giving.
If she had any damage to her reputation this will restore it.
Come AJ stepping down after the 100 years party (3 or4 years) she will get the job as his replacement with the endorsement of AJ. She was his protege and he would prefer her than Evans to continue his legacy to QF (ffs).
All her negatives posted here are probably a positive from a management point of view but I guess we'll have to wait for AJ to go. I'd be willing to give him a push 💩🙌😢
Indamiddle, I very much doubt that will be how it happens. Evans' move from CFO to CEO of International and now to Jetstar says to me very much that he is being primed to take over from AJ. He was the architect of Transformation, and now provided he doesn't f**k up at JQ, will give him experience to both major flying businesses.
JH got something of a demotion going from JQ to Loyalty, and obviously saw it as the prime time to look to greener pastures.
maggot
19th Dec 2017, 00:33
What transformation? Nothing transformed apart from some bonuses.
...ah, but that is all one needs in order to please the shareholders. The narrative is the truth, as far as they are concerned.
maggot
19th Dec 2017, 01:23
Well I guess they blew a few hundred million so that's something
Engineer_aus
25th Dec 2017, 11:00
IFRS19 comes into effect on 01/01/19. It is a new financial requirement that eliminates most rentals and leases from off balance sheet accounting. This will impact on companies credit ratings, borrowing costs and over gearing. I am confident there may be some major issues for the Qantas Group if the rumours about their accounting practices are true.
So that is why all these JQ A320's are coming off lease and being purchased by QF (Just have to look at the weekly CASA registration reports)
So that is why all these JQ A320's are coming off lease and being purchased by QF (Just have to look at the weekly CASA registration reports)
The impact will be minimal as Qantas already discloses its lease obligations. They are buying aircraft off-lease as they have the cash on hand already and it improved their credit metrics to have more aircraft on the balance sheet.
Rated De
26th Dec 2017, 22:27
The impact will be minimal as Qantas already discloses its lease obligations.
There are subtle differences in the way Qantas currently accounts for and capitalises most of the aircraft. Disclosure of obligation has not been uniform.
This standard (IFRS 16) is a substantial change and will remove many of the distortions
coaldemon
27th Dec 2017, 08:33
I feel like I have come across an accounting forum. I know a few CFO's who are getting a little concerned at IFRS 19. It will have an impact on most large Airlines particularly those running large leasing exposures.
Rated De
27th Dec 2017, 08:55
IFRS 19 relates to wages and benefits.
IFRS 16 is the lease side of it.
Company that I keep are very interested in all sorts of transport companies.
Consider the magic of the so called 'Low Cost Airline'
If an airline leases its fleet, there is little depreciation.
Incorrectly classified allows the airline to add the 'value' of the aircraft
WITHOUT the corresponding debt associated with it.
This is a very interesting concept. It is like having a $100,000 personal loan, and adding the $100,000 to your 'assets' but not mentioning the payments!
'Low Cost Airlines' are sweating this change as the correct disclosure, accounting for and allocation of charges will wipe the 'financial alchemy' that can be a leased fleet airline. Think of Air Asia, JQ etc.
bpmsmith
9th Dec 2019, 03:49
https://thea2milkcompany.com/newsroom/market-announcements/md-ceo/
Paragraph377
9th Dec 2019, 06:36
https://thea2milkcompany.com/newsroom/market-announcements/md-ceo/
Nobody there to protect her and cover her, unlike how the Qantas group operates. How long was she there, 18 months? Sounds about right. The Board would have recognised she was a dud within the first 6 months. Takes about 12 months to strategise a CEO’s “departure”. Love the parting statement, all glossy, no problems with her, make sure the Shareholders don’t get nervous.
wheels_down
9th Dec 2019, 06:57
Hilarious. I mean she had this legacy at Jetstar for only working 9-4 so she could go pick up the kids and home by 6.
Paddleboat
9th Dec 2019, 07:12
Jokes on us. She's out the door to the tune of 6 million dollars. No doubt told the A2 workers there 'isn't any money left in the pot' come payday too.
Rated De
9th Dec 2019, 07:58
Hilarious. I mean she had this legacy at Jetstar for only working 9-4 so she could go pick up the kids and home by 6.
Ever quick to play the gender card when it suited, apparent glass ceilings and all.
Even quicker to pull the gender card to her advantage, sadly not interested in those employees whose work life balances "consultants" like her and the pond scum from BCG spend their waking hours destroying.
Sunfish
9th Dec 2019, 20:29
Equal opportunity: you haven't lived until you have experienced a rotten female manager. At least if its a man you can complain without being accused of being biased against women.
Lookleft
9th Dec 2019, 22:40
So she didn't realise that when she signed on that being CEO of an NZ company based in Australia with most of their market in Asia was going to involve extensive travel? Thats the sort of strategic thinking CEO you want. I wonder if she installed an inexperienced COO because they could use the same bathroom to discuss company matters.
hans brinker
9th Dec 2019, 23:09
Equal opportunity: you haven't lived until you have experienced a rotten female manager. At least if its a man you can complain without being accused of being biased against women.
Also, you haven't lived until you (as a female pilot) hear from several of your colleagues that one of the senior check airman said " I don't care how well she does, she is going to fail". And this was 100% only based on gender, that is how she found out. Before you play the poor white male card, think again.
Ollie Onion
9th Dec 2019, 23:58
Radio business show today said that she was constantly in conflict with Staff, had made enemies of the Board who were ‘concerned’ about the direction she was taking the company. Never good to have a CEO who is in the headlines every few months selling every share in the business she had for huge profits. 18 months work for 6 million bucks is not a bad effort. Always used to amuse me when she was at Jetstar the constant articles with her saying how important her family is and she always made time for them whilst screwing the pilots and cabin crew who were trying to achieve the same.
Rated De
10th Dec 2019, 00:43
Radio business show today said that she was constantly in conflict with Staff, had made enemies of the Board who were ‘concerned’ about the direction she was taking the company. Never good to have a CEO who is in the headlines every few months selling every share in the business she had for huge profits. 18 months work for 6 million bucks is not a bad effort. Always used to amuse me when she was at Jetstar the constant articles with her saying how important her family is and she always made time for them whilst screwing the pilots and cabin crew who were trying to achieve the same.
Consultants by their nature have no investment in anything (other than themselves)
Surprising she left Qantas where staff conflict is the only ticket punch necessary for the C suite.
neville_nobody
10th Dec 2019, 10:44
Since she has collected around $10 Million in the past few years maybe that will be enough to stay at home and spend time with the family.
She is going to have difficultly getting another senior role after this.
Dale Hardale
10th Dec 2019, 10:51
She is going to have difficultly getting another senior role after this.
That's very sad news:{
Des Dimona
11th Dec 2019, 00:00
Radio business show today said that she was constantly in conflict with Staff
She had a similar history elsewhere with a divisive management style that got a lot of people offside.
Paragraph377
11th Dec 2019, 01:07
[QUOTE= She is going to have difficultly getting another senior role after this.[/QUOTE]
Sadly I disagree. People have short memories, plus she is connected. She will turn up on a few Boards yet.
Sunfish
11th Dec 2019, 02:38
"Connected" is the word. There is an "Old Girls Network" started in the days of Margaret Whitlam. They are quite open about it because they see it as a counterweight to the non existent "old boys network". The girls get recruited out of final year business school. All of the members have their proteges.
Rated De
11th Dec 2019, 03:46
"Connected" is the word. There is an "Old Girls Network" started in the days of Margaret Whitlam. They are quite open about it because they see it as a counterweight to the non existent "old boys network". The girls get recruited out of final year business school. All of the members have their proteges.
A viscous and nasty collective.
It is supposedly males who need to check their "privilege and bow on bended knee".
Watching their vitriol at work reminds all that neither gender has a monopoly on vindictiveness, manipulation and games"person"ship.
Paragraph377
15th Dec 2019, 20:09
There are more snippets about her departure starting to leak out, including her toxic relationship with the Board. Not to mention the $19m in consultancy fees that she paid to one of her former ‘employers’. These people never change.
Sunfish
15th Dec 2019, 20:15
@The “Old Girls “ network in operation today in the news to resurrect the reputation. The insinuation is clear; it’s the Boards fault that she went.
While she was hired to shake things up and implement change, it seems some directors weren't quite ready for the cracking pace she set and the disruptive effect on senior management.
In the days after the abrupt resignation, both sides fought for control of the spin.
It was reported directors weren't happy she'd sold $4 million worth of shares within months of joining the group, even though other directors and senior managers did the same. Among other things, they were displeased with the $19 million in consultancy fees she forked out to her former employer, Bain and Co.
Speaking from experience, this is self serving bull**** from the old girls camp.
https://www.abc.net.au/news/2019-12-16/a2-milk-jayne-hrdlicka-steps-down/11801672
Paragraph377
15th Dec 2019, 21:36
A dud at QF, a dud at JQ, a dud at a2. But mates with Alan, Boston Bruce and so on. That’s all that is on her CV, but it’s enough to dazzle the inept Boards who are already stacked with brainless trough swillers.
Sunfish
16th Dec 2019, 04:07
“Inept boards stacked with brainless trough swillers” is a tad rough. These days (last 20 years) the job of being a Board member of a public company is not easy and you are liable right down to your children’s shoes if you stuff up badly.
The prudential rules are spelt out in great legal detail and you can be sure they were followed........however there is no IQ test for Board membership.
What the Board has to do is protect the assets by managing risk. In this case they probably thought they were managing “PC Gender risk” (trademark sunfish) by appointing a female which would earn them a few pats on the head. They balanced that risk against appointing a person with no industry experience whatsoever and probably a reputation as a head kicker as well.
’This time they called it wrong - which happens, but at least they had the balls to realise their mistake after two years and cut their losses, knowing that they would be pilloried (shock horror!) by the old girls for having the temerity to find fault with one of their darlings.
To put that another way, you are paid a lot as a CEO because your lifespan is the same as a racehorse or professional sportsman - one day a hero, the next, pet food.
Rated De
16th Dec 2019, 05:02
To put that another way, you are paid a lot as a CEO because your lifespan is the same as a racehorse or professional sportsman - one day a hero, the next, pet food.
Her short term incentive payments were not the same as the racehorse fate: Where a nice curtain separates the heavily inebriated patrons as a fine red mist follows the echo of a shot.