Qantas non-executive director Corinne Namblard has resigned from the airline's board after being caught up in an investigation into a corruption scandal in Italy.
Ms Namblard denies any wrongdoing in relation to the investigation into the privatisation of Siena airport, but was stepping down in the best interests of Qantas and herself while it continued, the airline said thus morning.
Qantas chairman Leigh Clifford said Ms Namblard resigned "in the best interests of both Qantas and herself".
"Ms Namblard was especially concerned to ensure that the continuing media focus on the current Italian proceedings did not distract Qantas from implementing its strategic imperatives nor detract from the achievements that Qantas has had in meeting the challenges to its business. The Qantas board appreciates those sentiments," Mr Clifford said in a statement to the ASX this morning.
"It is also apt to note that Ms Namblard strenuously denies any wrongdoing in relation to the matters which are the subject of the Italian proceedings, and the Qantas Board has no reason whatsoever to doubt that position."
Former officials of Banca Monte dei Paschi di Siena, an Italian bank, were named in an investigation into a financial scandal earlier this month.
Mr Clifford added that Ms Namblard's experience and qualifications benefited Qantas and she had "demonstrated integrity in her approach to Board matters".
"The board wishes Ms Namblard the very best for the future," he added.
Ms Namblard, a French financier who joined the Qantas board in 2011, has been questioned in Italy as part of an investigation into alleged bid rigging and the Tuscan Monte dei Paschi di Seina bank.
She reportedly was asked to by Italian investigators to provide evidence about her involvement in the privatisation of Siena airport in 2007.
She was chief executive of Galaxy Fund, the winning bidder, at the time.