Qantas Boss Sells $11 Million of Shares Months Before Leaving
- CEO Alan Joyce is due to retire from Qantas in November
- Joyce reportedly sold the stock after buying Sydney penthouse
Alan Joyce on June 5.
Photographer: Moe Zoyari/BloombergThis article is for subscribers only.
Qantas Airways Ltd. Chief Executive Officer Alan Joyce sold A$16.9 million ($11.3 million) of shares in the airline, offloading the bulk of his holdings as he prepares to retire after 15 years at the helm.
Joyce sold 2.5 million shares at A$6.75 apiece on June 1, a regulatory filing showed. Qantas shares fell 4.1% to A$6.35 on Tuesday.