28 April 2015 | Financial

Virgin Australia Holdings Limited (ASX: VAH) Board announces new chairman Elizabeth Bryan

The Board of Virgin Australia Holdings Limited (ASX: VAH) today announced the appointment of Ms Elizabeth Bryan as Chairman of the Board, effective 20 May 2015.

Ms Bryan has a proven track record as a successful chairman in diverse industries. As Chairman of Caltex Australia and UniSuper Limited, she has overseen major transformation in competitive and regulated market environments.

Ms Bryan also has extensive management experience, including previous roles as Chief Executive Officer of Deutsche Asset Management Australia and its predecessor organisation the State Super Investment and Management Corporation. Her extensive board and management experience has seen her develop a deep understanding of governance and working with investors and large corporate shareholders.

Ms Bryan was chosen from a strong field of candidates and received unanimous support from the Board.

“It is a privilege to be joining the Virgin Australia Group Board as Chairman,’’ Ms Bryan said.

“Virgin Australia has transformed the aviation industry in Australia and I look forward to working with the Board to continue to grow the business and enhance the return for shareholders, customers and employees”.

The Virgin Australia Board would like to take the opportunity to thank outgoing Chairman Neil Chatfield for his exemplary leadership over the past nine years.

Mr Chatfield has been instrumental in guiding the company through its significant transformation as part of the Game Change Program which has seen the Virgin Australia Group attract a significant share of the Australia corporate travel market.

“I am very proud to have led the Virgin Australia Group and believe that it is in a strong position today,’’ Mr Chatfield said.

“Elizabeth is an ideal replacement as Chairman and I have full confidence that the skills and extensive experience she brings to the Board will take the business to even greater heights.

“I would like to thank the very talented Board who have provided incredible support, along with the Virgin Australia Group’s shareholders who have been strong supporters of our vision”, Mr Chatfield said.

Neil Chatfield will step down from his role as Chairman on 20 May 2015.