Virgin Australia’s Paul Scurrah to depart
Virgin Australia’s administrator Deloitte has confirmed that the airline’s chief executive Paul Scurrah will depart the company as it prepares to hand ownership over to US private equity firm Bain Capital.
Mr Scurrah will stand down when Virgin is formally handed over to Bain in early November, Deloitte said on Thursday, and former Jetstar boss Jayne Hrdlicka will take over as CEO.
“Paul has done an outstanding job supporting us through this process,” Deloitte administrator Vaughan Strawbridge said. “His exceptional leadership enabled us to stabilise the business and achieve a sale in a timely and orderly manner.”
Mr Scurrah’s departure appeared imminent on Wednesday afternoon, with sources saying he was locked in a meeting with Bain negotiating his exit.