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SYDNEY, May 2 (Reuters) - Australia's flagship carrier, Qantas Airways Ltd (QAN.AX), said on Tuesday that long-serving CEO Alan Joyce would step aside in November, and named Vanessa Hudson as its next chief executive officer. * November 2008 - Irish-born Alan Joyce is appointed as Qantas chief executive. * April 2009 - Joyce cuts 1,750 jobs, the first major cull under his leadership, as the airline feels the full impact of the global financial crisis. * October 2016 - Joyce orchestrates a turnaround and delivers record profits and the first dividend to shareholders since 2009. * February 2023 - The airline swings to a record first-half profit on a strong demand recovery and high ticket prices.

SummarySummary Companies Hudson is the first female CEO to lead the airlineNew CEO to take over from Alan Joyce in NovemberMay 2 (Reuters) - Australia's flagship carrier, Qantas Airways Ltd (QAN.AX), on Tuesday named its finance chief Vanessa Hudson as its new chief executive officer, making her the first woman to lead the century-old airline. Hudson's appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note. SUCCESSION PLANSJoyce, 56, served as Qantas CEO for more than 14 years and helped navigate the airline through the COVID-19 pandemic, fluctuating fuel prices, and competition. Qantas said Hudson would continue in her current role until taking over as Qantas' 13th CEO at the 2023 annual general meeting.

☆ Qantas names finance chief Vanessa Hudson as next CEO, becoming first woman to lead the airline
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: +1 min

Vanessa Hudson, chief financial officer of Qantas Airways, speaks during a news conference in Sydney on Feb. 23, 2023. Australia's flagship carrier, Qantas , on Tuesday named its finance chief Vanessa Hudson as its new chief executive officer, making her the first woman to lead the century-old airline. Hudson, who joined Qantas 28 years ago, had held several senior roles there, including chief customer officer and senior vice president for the Americas and New Zealand. Hudson's appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note.

☆ Qantas names finance head Vanessa Hudson as its first female CEO
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +1 min

May 2 (Reuters) - Australia's flag carrier, Qantas Airways Ltd (QAN.AX), on Tuesday, said it would be appointing finance chief Vanessa Hudson as its new chief executive officer once Alan Joyce retires in November. In its history, Qantas has never had a female CEO. He's faced more than his fair share of challenges as CEO and he's managed them exceptionally well," Qantas Chairman Richard Goyder said. Qantas said Hudson will continue in her current role while also designating for the role of CEO. She will take over as Qantas' 13th CEO at the 2023 annual general meeting.

☆ Unilever CEO: Past peak inflation but not yet at peak prices
▼ + stars: | 2023-04-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnilever CEO: Past peak inflation but not yet at peak pricesUnilever CEO Alan Jope discusses first-quarter earnings and explains how macroeconomic conditions are impacting the business.

☆ Crisis jolts Wall Street bankers already resigned to tough job market
▼ + stars: | 2023-04-05 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +5 min

NEW YORK (Reuters) - Wall Street bankers face an increasingly gloomy job market after last month’s banking crisis worsened an already bleak outlook for pay and staffing. One likely consequence of the turmoil is that banks tighten their lending standards, which could further hinder dealmaking - making the prospects for jobs and compensation on Wall Street more gloomy. Now, financial industry workers are fretting not only about pay, but job security. The Wall Street giant typically cuts about 5% of its lowest-performing staff as part of the process. While there are plenty of reasons to be glum, Wall Street workers are enjoying one silver lining after the pandemic: greater flexibility in structuring their workday.

☆ Deepest-ever fish caught and filmed off Japan by scientists
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, April 3 (Reuters) - Fish have been caught more than 5 miles (8 kilometres) under the surface of the ocean for the first time ever - and filmed even deeper - by a joint Japanese-Australian scientific expedition. The snailfish, of the Pseudoliparis belyaevi species, are the first to be caught below 8,000 metres, the expedition said. It wasn't immediately clear how big the fish were, but the species has been recorded as reaching a length of close to 11 centimetres (4.3 inches). "The Japanese trenches were incredible places to explore; they are so rich in life, even all the way at the bottom," said Jamieson, founder of the Minderoo-UWA Deep Sea Research Centre. "We tell people from the very early ages, as young as two or three, that the deep sea is a horrible scary place that you shouldn't go and that grows with you with time," said Jamieson.

☆ A camera caught a fish swimming more than 8,300 meters below the surface near Japan, making it the deepest observation of a fish ever recorded
▼ + stars: | 2023-04-02 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

Researchers spotted the fish in the Izu-Ogasawara trench near Japan, the outlet reported. Previously, the deepest recorded fish was seen at 8,178 meters in the Mariana Trench in 2018Top editors give you the stories you want — delivered right to your inbox each weekday. Previously, the deepest recorded fish was spotted 8,178 meters down in the Mariana Trench, according to BBC News. The previous deepest recorded fish in the Mariana Trench was identified as a Mariana snailfish, which had been known to scientists since 2014, Insider reported at the time. "We predicted the deepest fish would be there and we predicted it would be a snailfish," Jamieson said according to the outlet.

☆ Airfares across Asia are sky-high this year. Here’s why
▼ + stars: | 2023-03-24 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

But passengers in Asia Pacific are currently grappling with bigger price jumps than other regions, highlighting the uneven global recovery. Economy fares to Asia from North America and Europe are set to rise 9.5% and 9.8% this year from last year, respectively, Amex GBT forecasts show. “In the markets where restrictions have been the last to lift, and hence [flight] capacity last to be restarted, the difference in fares is the highest,” said Aitken. Despite China’s reopening, outbound flight capacity “is currently only at 15% to 20% of pre-Covid levels,” according to Trip.com (TCOM) CEO Jane Sun. The restrictions have remained, and those most heavily impacted are between Asia and North America or Europe.

☆ Here's what's inside the nearly $125,000 gift bag given to Brendan Fraser, Steven Spielberg and other Oscar nominees
▼ + stars: | 2023-03-10 | by ( Nicolas Vega | ) www.cnbc.com time to read: +4 min

But on top of critical acclaim and higher earning potential, there's another benefit to getting an Oscar nod: the gift bag. "There's nothing like a first time nominee's enthusiasm about getting this gift bag," Fary says. Because of the large quantity of products that is being gifted, Distinctive Assets delivers everything packed into two suitcases. What's included in this year's 'Everybody Wins' gift bag? Director Steven Spielberg has received numerous "Everybody Wins" gift bags for past Academy Award nominations.

Regional rival Air New Zealand Ltd (AIR.NZ) also reported a swing to profit in the first half ended Dec. 31 on Thursday, along with a muted outlook. Qantas Chief Executive Alan Joyce said cost of living pressures would hit discretionary spending "at some point" but so far the airline expected robust demand into mid-2024 at least. Qantas said it was facing delays of up to six months in new aircraft deliveries from Airbus SE (AIR.PA) alongside other airlines around the world. The Australian carrier said it would bolster its fleet by acquiring some older Airbus planes and exercising nine options for A220 purchases to help meet travel demand growth. "Outlook for RASK is to reduce, however off what we estimate were elevated levels," said Citi analysts in a client note.

☆ Our international business is getting back to pre-Covid capacity 'quite rapidly,' says Qantas CEO
▼ + stars: | 2023-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur international business is getting back to pre-Covid capacity 'quite rapidly,' says Qantas CEOAlan Joyce of the Australian airline discusses how it's been faring on the international and domestic fronts after the height of the pandemic.

☆ Qantas is confident it will return to 100% of its pre-Covid capacity in 2024
▼ + stars: | 2023-02-23 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Qantas CEO Alan Joyce says he expects the airline to see a full return to pre-Covid capacity in 2024. "We're confident that we'll get back ... 100% of our pre-Covid international capacity, and well over 100% for our domestic capacity," Joyce projected for financial year 2024. ″[There is] really strong demand in leisure, in business ... in corporate," he told CNBC, adding that the pent-up demand will continue for some time. Qantas reported record half-year profits in the six months ended December 2022, but shares still closed 6.8% lower on Thursday. The flagship carrier recorded underlying profit before tax of $1.43 billion Australian dollars ($975.2 million) in half-year ended Dec. 31.

☆ Qantas swings to first-half profit, announces buy-back
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

Feb 23 (Reuters) - Qantas Airways Ltd (QAN.AX) posted first-half profit at the top end of its forecast range and announced a A$500 million ($340.30 million) share buy-back on Thursday, as demand for air travel rebounded strongly despite higher fares. The airline said the turnaround to profit was "underpinned by strong travel demand with revenue strength offsetting record fuel prices" during the period. Qantas Chief Executive Alan Joyce said "supply chain and resourcing issues meant capacity hasn't kept up with demand." "Now those challenges are starting to unwind, we can add more capacity and that will put downward pressure on fares." Qantas warned ongoing challenges in the industry, including aircraft manufacturer delays, supply chain snarls and labor constraints, continued to adversely affect operations.

☆ Unilever Tries Reformulating Its Ice Cream to Survive Warmer Freezers
▼ + stars: | 2023-02-22 | by ( Katie Deighton | ) www.wsj.com time to read: +6 min

Keeping ice cream at 10 degrees as opposed to zero will reduce energy use and greenhouse gas emissions by roughly 20% to 30% per freezer, it said. Unilever’s out-of-home ice cream sales declined slightly during the fourth quarter of 2022 because, the company said, some stores unplugged their freezers sooner in the year than usual. Higher temperatures can lead to softer ice creams that stick to wrappers and slide off ice cream sticks, for example, said Andrew Sztehlo, chief research and development officer for Unilever’s ice cream division. The warming program isn’t designed to sweat competitors out of Unilever freezers, which some shopkeepers fill with an assortment of brands that don’t carry the Unilever logo, Mr. Sztehlo said. Representatives from ice cream makers Nestlé SA, Mars Inc., General Mills Inc. and Froneri International Ltd. declined to comment.

☆ CPGs like Coca-Cola, P&G, and Clorox break down their marketing investments as consumers reckon with price hikes
▼ + stars: | 2023-02-21 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

Many CPGs like Coca-Cola, P&G, and Clorox don't intend to increase their current level of marketing. As the economic squeeze continues, CPG brands like Procter & Gamble, Coca-Cola, and Clorox are being ultra-cautious about their marketing spend. Major CPGs spent hundreds of millions, and at times billions, on ads in 2022. Clorox spent $280 million, Coca-Cola spent $646 million, and Unilever spent $746 million according to data from Vivvix, an ad intel platform owned by Kantar, and social data from Pathmatics. Clorox, Coca-Cola, and Unilever didn't respond to a request for comment.

☆ Nestlé says food prices will rise further this year
▼ + stars: | 2023-02-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

Food, including ice cream, will see significant price increases in 2023, CEO Alan Jope said on the same call. Unilever said price increases caused sales volumes to decline by 2.1% in 2022. Heineken, meanwhile, said it expected to sell less beer in Europe this year because of “steep” price increases related to energy costs. At the time, Tesco (TSCDF) described the company’s price increases as “unjustifiable.” Once the products were restored, prices were unchanged on Heinz’s most popular lines. Gabby Jones/Bloomberg/Getty ImagesTesco has also “fallen out with other suppliers” over price increases, its chairman John Allen recently told the BBC.

☆ CPGs like Coca-Cola and P&G don't want to spend more on marketing, but might have to if consumers get fed up with all the price increases
▼ + stars: | 2023-02-16 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

☆ Writers are worried ChatGPT will steal their jobs. Experts offered 3 reasons why this is unlikely — and even ChatGPT itself agrees.
▼ + stars: | 2023-02-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +6 min

They offered three reasons why it's unlikely that ChatGPT will replace them in the future. Although ChatGPT might bring some changes to the workplace, here are three reasons why it's unlikely to replace you. Empathy is another skill ChatGPT doesn't have because we have "a higher order way of thinking about things," Jacobson said. ChatGPT can't beat Google's spam policiesCompanies that publish content written by ChatGPT or other AI tools are likely to be penalized by Google's unbeatable spam policies. "For now, the role of ChatGPT and other AI models in content creation is to augment and assist human content creators, rather than to replace them."

☆ Unilever’s New Chief Faces Tough Balancing Act
▼ + stars: | 2023-02-09 | by ( Aaron Back | ) www.wsj.com time to read: 1 min

Unilever posted lukewarm results on Thursday that underscore the challenges awaiting its incoming chief executive. The maker of Dove Soap and Hellmann’s Mayonnaise said it saw underlying sales growth of 9.2% from a year earlier in the fourth quarter thanks to sharply higher prices. Pricing was up 13.3%, while volumes declined 3.6%. Outgoing Chief Executive Alan Jope said on a conference call with analysts that the company will need to raise prices even more to offset continuing cost inflation this year.

☆ Unilever fourth-quarter sales boosted by higher prices
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 9 (Reuters) - Unilever Plc (ULVR.L) on Thursday reported quarterly underlying sales growth above expectations, helped by higher prices for its detergents, soaps and packaged food. The packaged goods industry has raised prices sharply over the past year to cope with surging costs of everything from cocoa and sunflower oil to wheat. "In the first half, underlying price growth will remain high, and volume growth will be negative," Unilever said in a statement. "Volume will improve as price growth softens, but it is too early to say whether volume will turn positive in the second half." Underlying sales at Unilever rose 9.2% in the fourth quarter, beating company-provided analyst estimate of a 8.2% increase.

☆ Unilever says prices hikes will continue into this year, easing in H2
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: +3 min

Bottles of Dove body wash, produced by Unilever Plc, at an Iceland Foods Ltd. supermarket in Christchurch, UK, on Wednesday, June 15, 2022. Unilever Plc said on Thursday it would continue to raise prices for its detergents, soaps and packaged food to offset rising input costs, and ease up those hikes in the second half of 2023. The packaged goods industry has hiked up prices over the past year to cope with surging costs of everything from cocoa and sunflower oil to wheat. The industry had already been battling Covid-era supply chain issues and raw material expenses when Russia invaded Ukraine, further boosting prices of energy and other commodities. Underlying sales at Unilever rose 9.2% in the fourth quarter, beating a company-provided analyst estimate of an 8.2% increase.

☆ Unilever's new CEO will inherit a company in flux
▼ + stars: | 2023-02-05 | by ( Alex Bitter | Ellen Thomas | ) www.businessinsider.com time to read: +9 min

Two of the five divisions remain focused on food products, an area that CEO Jope said Unilever considered spinning off. Food brands like Ben & Jerry's and Hellmann's would have become a separate company. Unilever's decision last year to spin off its tea business into a new company, Ekaterra, left many workers inside Unilever's food division nervous, the former employee said. One former Unilever executive pointed to Fernando Fernandez, who will assume the top job at the company's new beauty and wellbeing division. Fernandez has been Unilever's executive vice president for Latin America since 2019 and held other jobs with the company in the region before that.

LONDON, Jan 30 (Reuters) - Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and sticking them out. Heinz Company from 2006 to 2013 and was impressed by his leadership skills and business acumen," Peltz said. "Why hire a food exec if you are planning to sell the food business?" "Selling the food business will always be on the cards, but I doubt that it is top priority in the short term." "He's been given a very tough assignment but I have every confidence that if anyone could get Unilever moving in right direction, it's Hein," Johnson said.

☆ Unilever Taps Dairy Boss as New CEO
▼ + stars: | 2023-01-30 | by ( Peter Stiff | ) www.wsj.com time to read: 1 min

Unilever is looking to boost growth across its sprawling portfolio, while grappling with rising input costs and changing consumer trends. Unilever PLC has appointed Hein Schumacher as its new chief executive, tapping the head of a European dairy cooperative to lead its effort to reinvigorate growth and navigate economic uncertainty. The owner of Ben & Jerry’s ice cream and Dove soap said Monday that Mr. Schumacher would become CEO on July 1. He succeeds incumbent Alan Jope, who the company said in September would retire this year.

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