Woolworths board shake-up with greater diversification
Jetstar CEO Jayne Hrdlicka is resigning from the board of Woolworths after spending over five years in the role.
She will be replaced with two new appointments, both non-executive director appointments, Holly Kramer from the Nine Entertainment Corporation and Siobhan McKenna from the Ten Network.
Woolworths Chairman Gordon Cairns said Hrdlicka has decided that the demands of the Woolworths Board at this time are too significant to balance with her commitments as the Jetstar Group CEO and member of the Qantas Group Executive Committee.
“I would like to thank Jayne Hrdlicka for her five and a half years’ service to Woolworths,” Cairns said.
“Regrettably Ms Hrdlicka has concluded that the demands of the Woolworths Board at this time are too significant in balance with her commitments as the Jetstar Group CEO and member of the Qantas Group Executive Committee. As a consequence she feels there is no choice but to resign as a Director of Woolworths. She has made a significant contribution to the Board over her tenure and we wish her well for the future,” Mr Cairns said.
Holly Kramer is presently a non-executive director of Nine Entertainment Corporation, Australia Post and AMP Limited. She was previously the CEO of apparel retailer Best & Less and Group Managing Director/Chief of Marketing at Telstra.
Siobhan McKenna is a non-executive director of Ten Network Holdings Ltd, Nova Entertainment, the Australian Ballet, and is a Trustee of the MCG Trust. She is a former Commissioner of the Australian Productivity Commission, a former Chairman and Board Member of NBNCo, and a former Partner of McKinsey & Company.