It’s been at times a protracted and messy business finding new owners for Virgin Australia, and yesterday the airline’s CEO, Paul Scurrah, announced his resignation, effective once the sale to US private equity firm, Bain Capital, is finalised in early November.
“Over the last 18 months, I have had the great privilege of being the CEO and managing director of the Virgin Australia Group,” said Mr Scurrah.
“Whilst it has been the most challenging time in aviation history, I have continued to be so proud of the way my team and our entire organisation has fought to save this airline and to keep competition alive and well in Australia.
“We have succeeded in not just ensuring the future of the company, but also reset the business to ensure it is well placed to deliver for Bain Capital for many years to come.
“Having seen the company through COVID-19, voluntary administration, the sale to Bain Capital and the redesign of the business, I will be stepping down as CEO and managing director.”
Bain Capital has announced that Jayne Hrdlicka, who has previously worked with Qantas and Jetstar, will replace Scurrah as CEO of Virgin Australia.
