Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
( NZ)Toomey To Be Replaced - Australian Report  
User currently offlineHoppy From , joined Dec 1969, posts, RR:
Posted (12 years 11 months 4 days 23 hours ago) and read 1283 times:

BUSINESS

TUESDAY, 02 OCTOBER 2001
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

http://www.ansettworkers.main-page.com

Regards,
Hoppy
Ansett Perth Airport

7 replies: All unread, jump to last
 
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13742 posts, RR: 19
Reply 1, posted (12 years 11 months 4 days 23 hours ago) and read 1250 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, 524 posts, RR: 1
Reply 2, posted (12 years 11 months 4 days 21 hours ago) and read 1242 times:

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

Rmm


User currently offlineTG992 From New Zealand, joined Jan 2001, 2910 posts, RR: 10
Reply 3, posted (12 years 11 months 4 days 21 hours ago) and read 1239 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, 4537 posts, RR: 41
Reply 4, posted (12 years 11 months 4 days 19 hours ago) and read 1212 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 (12 years 11 months 4 days 18 hours ago) and read 1209 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: 3
Reply 6, posted (12 years 11 months 4 days 17 hours ago) and read 1193 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: 11
Reply 7, posted (12 years 11 months 4 days 17 hours ago) and read 1193 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
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
MacArthur Airport (ISP) Tower Needs To Be Replaced posted Wed Dec 13 2006 22:27:14 by Dragon-wings
LGA Central Terminal To Be Replaced posted Tue Oct 3 2006 19:00:49 by RJpieces
Soon The 757 Will Need To Be Replaced! posted Thu Oct 13 2005 00:46:14 by CV990
Weird New Air NZ Route To Be Introduced! posted Mon Jun 17 2002 13:53:10 by TG992
MAS-744 To Be Replaced!? posted Mon Jul 9 2001 09:51:29 by Adol
2 A340 Of Gulf Air To BE Replaced BY 777 posted Thu Jun 21 2001 16:14:08 by GF-A330
Gulf Air 767 Going To Be Replaced posted Wed May 9 2001 10:32:33 by GF-A330
SEA-KIX To Be Replaced By 747?! posted Fri Jan 26 2001 22:24:45 by Mason
What Airports Do You Feel Need To Be Replaced? posted Thu Jun 29 2000 06:15:21 by TurboTristar
NZ New Product A Threat To QF (The Australian) posted Mon Nov 7 2005 23:19:24 by Pilottim747