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( NZ)Toomey To Be Replaced - Australian Report  
User currently offlineHoppy From , joined Dec 1969, posts, RR:
Posted (14 years 8 months 2 days 13 hours ago) and read 2104 times:


Toomey to be replaced - Australian report
02 OCTOBER 2001

SYDNEY: Air New Zealand chief executive Gary Toomey is likely to be replaced this week as part of a management shake-up at the embattled airline, the Sydney Morning Herald newspaper reported today.

Sources in the airline's head office in Auckland told the newspaper that Mr Toomey and a number of executives who followed him from Qantas to Air New Zealand were "on the chopping block".

KEEP "ANSETT" Flying Discussion Forum

The sources said Andrew Miller, considered the best of the executive team, would take over as chief executive.

Mr Toomey, who joined the airline in January after a successful stint as Qantas' chief financial officer, was appointed by the then Air New Zealand chairman Sir Selwyn Cushing.

The paper said it was understood one of the airline's major shareholders, Singapore Airlines, was not keen on the appointment.

On joining Air New Zealand, Mr Toomey brought with him a team of 15 executives.

Two former Qantas executives, Kevin Turnbull and Adam Maro, have won praise but another, George Frazis, who was in charge of strategy, was expected to go with Mr Toomey as part of the shake-up.

The executive cuts were to be announced this week along with an overall trimming of staff and operations as the airline cuts services to the United States, one of its biggest markets.

Air New Zealand shares, which were suspended on Friday, remained suspended today as the Stock Exchange's Market Surveillance Panel seeks more information about the company's financial state.

Keep "ANSETT" Flying Discussion Forum


Ansett Perth Airport

7 replies: All unread, jump to last
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13756 posts, RR: 18
Reply 1, posted (14 years 8 months 2 days 13 hours ago) and read 2071 times:

I thought Toomey and SIA were good partners? Obviously not.

Anyone can fly, only the best Soar.
User currently offlineRmm From Australia, joined Feb 2001, 527 posts, RR: 1
Reply 2, posted (14 years 8 months 2 days 12 hours ago) and read 2063 times:

The ultimate Qantas conspiracy theory (LOL). A ceo and a group of ex QF directors sent on a mission to destroy AN/NZ???


User currently offlineTG992 From New Zealand, joined Jan 2001, 2910 posts, RR: 10
Reply 3, posted (14 years 8 months 2 days 11 hours ago) and read 2060 times:

As an NZ employee, I think it's a shame.

Gary joined only to be faced with a situation that wasn't of his own making..

1/ 767 groundings/AN undermaintenance discoveries
2/ DJ/Impulse offering unsustainably low fares
3/ AN losing money hand over fist
4/ AN needing a hugely expensive fleet upgrade
5/ NZ government's dithering over SQ increasing their stake
6/ Fuel prices skyrocketing
7/ The tragic events of September 11

All these happened after he joined and in my mind AN was unsaveable after the NZ government's dithering over SQ. We saw Gary repeating until he was blue in the face that SQ taking an increased stake was necessary, only to be ignored by landlubber politicians who thought they knew better.

I hope he stays on, but doubt it, unfortunately  Sad

User currently offlineVirginFlyer From New Zealand, joined Sep 2000, 4652 posts, RR: 37
Reply 4, posted (14 years 8 months 2 days 9 hours ago) and read 2033 times:

Gary, you are the Weakest Link, Goodbye!

Seriously, I too think its a shame that he has fallen victim to the circumstances... Still, such is the risk you take being a CEO... after all, 'the buck stops here'.

Good Luck Gary, we'll miss you, and don't let the door hit you on the way out...

"So powerful is the light of unity that it can illuminate the whole earth." - Bahá'u'lláh
User currently offlineF27 From Australia, joined Oct 2001, 212 posts, RR: 0
Reply 5, posted (14 years 8 months 2 days 8 hours ago) and read 2030 times:

He will be gladly greeted back in Australia by 17,000 Ansett Employees who would dearly love to get there hands on him.As far as ANZ goes good bye and riddence to rubbish

User currently offlineB727-200 From Australia, joined Nov 1999, 1051 posts, RR: 2
Reply 6, posted (14 years 8 months 2 days 7 hours ago) and read 2014 times:

Will Gary Toomey be knocked down for every executive position he applies for......ABSOLUTELY!

User currently offlineGo Canada! From United Kingdom, joined Jun 2001, 2955 posts, RR: 9
Reply 7, posted (14 years 8 months 2 days 7 hours ago) and read 2014 times:

i woder if qantas will take pity on him and let him run austrialian airlines?

I think toomey tried in an impossible situation, that clarke women made it difficult for him.e went on and on saying how singapore airlines must increase their stake and that if anz split from ansett then anz would be a small time carrier.

It is amazing what can be accomplised when nobody takes the credit
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