Virgin Australia CEO Paul Scurrah to step down when Bain deal accomplished

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Virgin Australia CEO Paul Scurrah to step down when Bain deal accomplished

SYDNEY, Oct 15 (Reuters) - Virgin Australia Holdings Ltd VAH.AX Chief Government Paul Scurrah will


SYDNEY, Oct 15 (Reuters)Virgin Australia Holdings Ltd VAH.AX Chief Government Paul Scurrah will step down inside weeks as soon as the airline’s sale to U.S. personal fairness group Bain Capital is accomplished, the airline’s administrator mentioned on Thursday.

Jayne Hrdlicka, a former head of the Jetstar finances offshoot of Qantas Airways Ltd QAN.AX, will take excessive job at Australia’s second-biggest airline on the monetary shut of the deal, anticipated in early November.

Scurrah had clashed with Bain in regards to the technique and needed to keep up a extra premium providing than desired by the U.S. personal fairness agency, two folks with data of the matter advised Reuters on situation of anonymity.

(Reporting by Jamie Freed; Enhancing by Tom Hogue)

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