What's Happening?
Katrina Barry has announced her resignation as the CEO and managing director of Webjet Group, an ASX-listed travel business. Barry, who joined Webjet Limited as a non-executive director in 2022, took on the CEO role in June 2024 following the company's
demerger and ASX listing. During her tenure, she led the company through significant transformations, including the development of a new five-year strategic roadmap and enhancements in brand, marketing, and technology capabilities. The board, led by Chairman Don Clarke, expressed gratitude for Barry's contributions, particularly her leadership during the company's pivotal phase. Barry will remain with the company to assist with the transition and the completion of the full-year results in May 2026.
Why It's Important?
Barry's resignation marks a significant leadership change for Webjet Group, a company that has been navigating a transformative period in the travel industry. Her leadership was crucial in repositioning the company and setting a strategic direction for future growth. The announcement comes shortly after Webjet Group ended takeover discussions with Helloworld Travel and BGH Capital, indicating a strategic decision to continue independently. This decision could impact the company's market position and its ability to compete in the online travel sector, which is facing ongoing challenges. The search for a new CEO will be critical in maintaining the momentum and achieving the strategic goals set during Barry's tenure.
What's Next?
The board of Webjet Group will begin the search for Barry's successor, with updates expected to be provided to the market in due course. Barry will continue to support the company during the transition period. The company has reaffirmed its FY26 guidance, with expectations for underlying EBITDA to be between $28 million and $29 million, excluding Webjet Business Travel. The division is expected to reduce underlying EBITDA by $600,000 to $900,000 in the second half of FY26. The company's focus will remain on executing its long-term strategy amid market challenges.
