Dixon's extension poses succession questions

Geoff Dixon has a new contract with Qantas that allows him to stay on as chief executive indefinitely. This ends speculation about what he would do when his old contract expired next July, but revives the question of who will succeed the 66-year-old Dixon.

Dixon's contract was to expire this December. Then it was extended to July 2007. Now it has no expiration. Qantas can ask him to leave on one year's notice Dixon can announce he is leaving after six months.

The decision raises questions about the willingness of the Qantas board to turn the airline over to someone else. Peter Gregg, chief financial officer and executive general manager strategy, and John Borghetti, executive general manager of Qantas, are widely seen as the top contenders.

Source: Airline Business