Virgin Australia went into administration during the first year of the pandemic, but returned to profit last financial year, for the first time in more than a decade.
“I have decided the time is right for me to signal CEO transition for this great airline and ultimately to pass the baton on,” said Hrdlicka.
“This is not a decision I have taken lightly, but the last four years have been heavy lifting across the organisation during the toughest of times.
“We are in the midst of the next phase of our transformation program and there is a lot to do and an IPO to deliver.
“The next phase of this journey is another three to five years, making now the perfect juncture to begin the process of leadership transition to deliver the next few chapters of what I’m sure will be a significant long-term success story.
“I am very proud of what the Virgin Australia team have accomplished together since the depths of administration and the COVID-19 pandemic.
“I am honoured to have been given the opportunity to guide the team to this point on its journey, and I very much look forward to seeing the continued success of Virgin Australia.”
An international search for Virgin Australia’s next CEO will begin shortly.
“I’d like to personally thank Jayne for her passion, commitment and dedication,” said Virgin Australia’s chair, Ryan Cotton.
“The progress Virgin Australia has made to date is testament to her leadership.
“Jayne has led Virgin Australia through the most turbulent times of its 20+ year history.
“Her leadership was fundamental to repositioning the airline back to its roots as a value carrier, returning Virgin Australia to profitability for the first time in 11 years.
“It has laid a strong foundation for continued growth and margin expansion that will underpin Virgin Australia’s competitive position in the Australian market.
“To do this required…the rebuild of many parts of our organisation. A big part of this was resetting our talent pipeline for the long-term, which serves us very well now. These are significant achievements,” he said.
“The Board and I respect Jayne’s decision and know she is very committed to ensuring our continued success. We are grateful for her continued leadership while we plan for successful CEO transition.”
