Air New Zealand CEO Greg Foran to step down

Air New Zealand [NZX:AIR] announced that Chief Executive Officer Greg Foran will step down from his position in October 2025. Foran indicated to the Board his belief that the airline is well-positioned for continued growth and innovation, making it the right time for him to pursue new opportunities. During his five-year tenure, Foran guided Air New Zealand through global aviation's most significant crisis while maintaining the airline's strong culture. He is particularly noted for his leadership in managing significant global supply chain challenges, including engine issues impacting both Boeing and Airbus fleets. The Board will conduct a global search for his replacement, with Foran assisting in the transition to a new leader. Foran noted that it has been a privilege of his career, and he is proud of their achievements.