Flight Centre Limited has amended its Board structure.
The change will see Bruce Brown become non-executive chairman and Flight Centre Limited founder Graham Turner focus on his preferred role as managing director.
Mr Brown was previously a non-executive director, while Mr Turner was executive chairman and performed the dual functions of leading the company’s Board and overseeing Flight Centre Limited’s daily operations.
Mr Turner said separating the roles of chairman and managing director would deliver a more effective overall management structure and was in line with corporate governance recommendations.
“Bruce has the skills required to take the company forward as chairman,” Mr Turner said.
“He has a wealth of experience as a public company CEO, proven leadership skills and a record of success, having transformed Campbell Brothers into a diverse, multinational operation during his time with the company.”
Mr Turner became executive chairman after Norman Fussell retired in July.
Mr Brown, 61, joined Flight Centre Limited’s Board in December 2005 after retiring as chief executive officer and managing director of Campbell Brothers Limited. He is a nonexecutive director of Campbell Brothers Limited, Transpacific Industries Group Ltd and Phi Capital Limited.
“Chairing a company of Flight Centre Limited’s size and diversity is a challenge but also represents an exciting opportunity,” Mr Brown said.
“The company continues to generate healthy sales growth, has a strong balance sheet and operates one of Australia’s most valuable brands in the Flight Centre leisure travel brand. In addition, Flight Centre Limited has developed comprehensive online operations and one of the world’s leading corporate travel networks in FCm Travel Solutions.
“I look forward to working with the company’s Board and its people throughout the world to build on this success.“
Flight Centre Limited’s Board of Directors also includes non-executives Howard Stack and Peter Barrow.