The US-born executive led Virgin through Covid and back into profitability but today announced her decision to stand down from the role of CEO.
The Board of Virgin Australia will "shortly commence a global search process for a new CEO," the airline said in a statement.
Hrdlicka has led Virgin Australia as CEO since her appointment in 2020 after the airline was acquired out of administration by Bain Capital.
“I have decided the time is right for me to signal CEO transition for this great airline and ultimately to pass the baton on," Hrdlicka said.
"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 3-5 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."
Virgin Australia chairman Ryan Cotton said: "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."
A former Qantas and Jetstar exec, Hrdlicka is currently also the chairman and board president of Tennis Australia. Her husband died last year after a battle with cancer.
We now know know Hrdlicka was given notice (sacked) and broke down when told.
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