Qantas Airways Ltd.

Dr Valerie McKenzie is the Managing Director of Thana Burin Asia Pacific Ltd, which is a Marketing Communication / Public Relations Consultancy office for leading organizations in Thailand and around Asia, including GFA Corporation (Thailand) Ltd, Qantas Airways, Thai Bodybuilding Association, Zuellig Pharma Ltd, True Corporation Plc, to name a few. She has worked for many years in both Commerce and Media throughout Europe, Asia and Australia. Dr Valerie has a Doctorate in Psychology as well as MBA in International Business, a BA in Marketing and Communication and a Diploma of Education, all from University of New South Wales, Sydney, Australia.

Garry Hounsell, 53, was appointed to the board in October 2004. He has a bachelor of business (accounting) and is a former senior partner with Ernst & Young and a former Australian country managing partner with Arthur Andersen. He has extensive experience across a range of areas relating to management and corporate finance and has worked with some of Australia's leading companies in consulting and audit roles, with a particular emphasis in the manufacturing sector. He is also a director of Qantas Airways Limited and Orica Limited.

Paul Rayner joined Rothmans Holdings Limited in 1991, holding senior executive appointments, and became Chief Operating Officer of British American Tobacco Australasia Limited in September 1999. He joined the Management Board in 2001 and was appointed to his Finance Director role in January 2002.