Colin Storrie to succeed Peter Gregg as Qantas Chief Financial Officer

Peter Gregg is to step down as Chief Financial Officer (CFO) of Qantas and as a member of the airline's Board on 30 September 2008. Mr Gregg will be succeeded as CFO of Qantas by Mr Colin Storrie, currently the Deputy CFO. Mr Storrie will assume the CFO role and take a place on the Qantas Board on 30 September.

Mr Gregg, who was appointed CFO in September 2000, will assist with the transition to a new CFO and leave Qantas on 31 December 2008.

Mr Gregg said, "It has been a privilege to have contributed to the management and strategic development of this great company. With a new incoming CEO, I believe that signalling now my intention to step down from both my executive and non-executive roles is in the best interests of shareholders and the company."

Mr Storrie is 39 years of age and has over 10 years experience in senior financial roles at Qantas. He has held the positions of Group Financial Controller, Group Treasurer and for the past five years Deputy CFO with responsibility for the Group Finance function.

He has been a member of the Qantas Executive Committee since October 2005 and has been a director of Australian air Express, Star Track Express, Qantas Superannuation and Jet Turbine Services.

Prior to joining Qantas Mr Storrie had several years experience in finance and accounting roles within investment banking and the NSW government.

He is a Certified Practising Accountant, a member of the Australian Institute of Company Directors and holds a Bachelor of Commerce degree and a Graduate Diploma in Management.

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