Webjet Group Limited has appointed Layton Shannos as acting chief executive officer from 1 June following the resignation of managing director and chief executive officer Katrina Barry in March.
Shannos has more than 12 years’ leadership experience across senior finance and corporate roles within Webjet, including as chief financial officer of Webjet OTA, before transitioning to Group chief financial officer of the company following the demerger, a role he has held for the past two years. He joined Webjet in 2013 and has played a key role in financial management and corporate development activities.
Prior to joining Webjet, Shannos spent over four years at KPMG. He is a chartered accountant and holds a Bachelor of Commerce as well as an MBA from Melbourne Business School. The Board said it believes Shannos’ extensive experience with the company and strong understanding of its operations and financial position will ensure continuity of leadership during the interim period.
The Board is progressing its search to secure a permanent successor for the CEO & MD role and will provide an update to the market in due course.
It also announced that it had entered into a consultancy agreement with FLOE Consulting, a company associated with Katrina Barry.
Services under the agreement, include consultancy services to WJL and any group entity, including without limitation, assistance with transitional arrangements following the termination of Barry’s employment, matters relating to certain legal proceedings initiated against Webjet Marketing Pty Ltd (a wholly-owned subsidiary), and any other matters in which Barry can reasonably assist by reason of her former role.
The arrangement begins on 1 June 2026 and continues until 1 July 2027, unless terminated earlier or extended by mutual agreement.
FLOE is required to make Barry available for not less than 300 hours and no more than 450 hours during the term. The consultancy fee is $650 per hour (exclusive of GST), plus approved expenses.
If the arrangement is terminated without cause or expires on 1 July 2027 and fewer than 300 hours have been provided, Webjet will pay FLOE for the shortfall at $650 per hour. The minimum amount payable under the Agreement (assuming no termination for cause) is $195,000 (exclusive of GST).
