Qantas’ Irish boss sells €10.5 million of shares months before leaving via IrishTimesBiz
Alan Joyce, chief executive officer of Qantas Airways, will step down in November. Photograph: Brendon Thorne/BloombergIrishman Alan Joyce, chief executive of Qantas Airways, sold A$16.9 million of shares in the airline, offloading the bulk of his holdings as he prepares to retire after 15 years at the helm of the Australian carrier.
Joyce sold 2.5 million shares at A$6.75 apiece on June 1, a regulatory filing showed. Qantas shares fell 4.1% to A$6.35 on Tuesday. Joyce, 56, is due to hand over to Qantas chief financial officer Vanessa Hudson in November. The filing indicates he sold his shares about 48 hours after fronting bullish investor-day presentations in Sydney that led to a three-day run of stock gains.
According to the Australian Financial Review, Joyce executed the sale after buying a penthouse in the city overlooking the Sydney Opera House for A$9 million. He had bought the shares for A$1.50 each in 2012, the newspaper said.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Irish savers losing €120m a month as banks fail to raise deposit interest rates, analysts warnECB has upped key deposit rate to 3.25% over the past year, but there has been no comparable increase in rates in Ireland
Leer más »
Guinness to roll out Guinness 0.0 on draught in Irish pubs 'in months'Diageo representatives have been lobbying pubs to take the 0.0 brand on draught.
Leer más »
Lifeguard shortages: Recruitment problems to limit patrols at Irish beachesA number of local authorities have had difficulty recruiting sufficient lifeguards to patrol beaches across the country this summer.
Leer más »