Air NZ CEO Greg Foran resigns, global search for replacement under way

Air NZ CEO Greg Foran resigns, global search for replacement under way
Greg Foran has resigned as CEO of Air NZ. (Image: NZME)
Rebecca Howard
Air New Zealand chief executive Greg Foran has resigned and will leave the airline on Oct 20. Chair Therese Walsh said Foran told the board he believes the airline is well-positioned to continue its trajectory of growth and innovation and that the time is right for him to take on a new challenge.  Foran had been at Air NZ for five years, taking on the role just as covid-19 struck. His term began the day after Air NZ said it was suspending services to Shanghai. Tough times continueThe borders slammed shut, and air travel ground to...

More Markets

Despite interest rate cuts, NZ sharemarket falls again
Markets

Despite interest rate cuts, NZ sharemarket falls again

The NZX50 closed at 11,806.55, down 84.89 points or 0.71%. 

Economists react to 'dovish' RBNZ cuts
Economy

Economists react to 'dovish' RBNZ cuts

RBNZ says recent global policy developments have shifted the balance of risk. 

RBNZ cuts cash rate 25bps to 3.50%
Economy

RBNZ cuts cash rate 25bps to 3.50%

The move was widely expected by economists.

Jim Grenon: Why I asked for NZME Takeovers Panel meeting
Markets

Jim Grenon: Why I asked for NZME Takeovers Panel meeting

Shadow of regulatory action is hampering businessman's campaign to roll board.