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Qantas chairwoman Margaret Jackson has announced she will be retiring from the group's board later this year.
In addition to Ms Jackson, James Packer will also be resigning from the board after the group's annual general meeting later this year.
"The board will spend the next few months considering my succession and a replacement for James," said Ms Jackson in a company statement.
The pair's decision to resign from the board follows the failure of a bid by Airline Partners Australia to take over Qantas, a move supported by Qantas' senior management. Her announcement was made at the start of a two-day Qantas board and management strategy session for the direction of the airline group over the next three years.
Ms Jackson said the past eight months had been particularly hard and coupled with her 15 years on the board and seven years as chairwoman, she felt it was a good time to move on and not stand for re-election.
"I greatly value what Qantas has achieved over the past seven years, culminating in the largest takeover offer for an airline in aviation history," she said.
She said the board has endorsed the leadership of Geoff Dixon as chief executive officer and his senior management team, noting that Mr Dixon was committed to staying on as chief executive officer until at least July 2009.
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