Snippets Corner: 02 March 2010 – BOQ, VBA
March 1, 2010
Bank of Queensland Limited (BOQ) this morning announced the appointment of current Chief Financial Officer Ram Kangatharan to the newly created position of Chief Operating Officer (COO) to oversee the day-to-day operations of the Bank, effective 1 March 2010. The bank said the in the role, Mr Kangatharan responsibilities would include achieving a cost-to-income ratio of 45% by 2011 and 15% return on equity by 2012. A search for a new CFO is underway, the bank added.
Virgin Blue Holdings Limited (VBA) announced the appointment of former executive general manager of Qantas John Borghetti as the company’s new chief executive officer and managing director, effective May 8, 2010. The appointment follows the resignation of current CEO and co-founder of the company, Brett Godfrey in July 2009. Virgin said that prior to being appointed executive general manager at Qantas in 2003, Mr Borghetti headed the airline’s Global Sales and Marketing operations, including responsibility for the Qantas Holidays group of companies. The company said Mr Borghetti’s current directorships are with Care Australia, Piper Aircraft, The Australian Ballet and Investment Committee Member of Investec Global Aircraft Fund. Virgin said he would be stepping down from the Piper Aircraft board and the Investec Global Aircraft Fund.
Virgin Blue Holdings Limited (VBA) announced the appointment of former executive general manager of Qantas John Borghetti as the company’s new chief executive officer and managing director, effective May 8, 2010. The appointment follows the resignation of current CEO and co-founder of the company, Brett Godfrey in July 2009. Virgin said that prior to being appointed executive general manager at Qantas in 2003, Mr Borghetti headed the airline’s Global Sales and Marketing operations, including responsibility for the Qantas Holidays group of companies. The company said Mr Borghetti’s current directorships are with Care Australia, Piper Aircraft, The Australian Ballet and Investment Committee Member of Investec Global Aircraft Fund. Virgin said he would be stepping down from the Piper Aircraft board and the Investec Global Aircraft Fund.
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