#Australia#Virgin Australia#John Borghetti#Virgin

Virgin Australia’s CEO and MD will not renew his contract

Galia Ilan
|Jun 12|magazine4 min read

John Borghetti, the Chief Executive Officer of Virgin Australia, has announced that he will not be renewing his contract.

The CEO’s contract will expire on 1 January 2020, however Borghetti plans to leave British conglomerate’s Australian airline subsidiary before then to allow time for recruitment.

“It is a privilege to serve as CEO of the Virgin Australia Group and to lead a wonderful team of 10,000 people,” Borghetti commented.

“By notifying the board of my intentions now, it provides them with appropriate time to conduct a thorough recruitment process and for me to support the transition.”

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Borghetti has held the position of CEO at Virgin Australia for eight years, following his appointment on 8 May, 2010.

Prior to his work with Virgin, Borghetti was the Executive Manager at Qantas, a role he had for six years.

During his time at Qantas, Borghetti was responsible for the firm earning more than AU$10bn (US$7.6bn) in annual revenue and assets, which included 200 aircrafts.