Some of Qantas’ largest investors, including the Future Fund, are set to vote against the re-election of Todd Sampson to the airline’s board, raising the prospect that the advertising executive could be forced into an abrupt exit.
The Future Fund, which manages some $200 billion on behalf of the federal government, will vote against the extension of Mr Sampson’s tenure and the Qantas remuneration report. The sovereign wealth fund, along with other superannuation funds, hold about one-third of all Qantas shares.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
