Air NZ Board Chairman Tony Carter to retire in 2019

Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC: ANZLY)


MARKET ANNOUNCEMENT

Air New Zealand postal address: Private Bag 92007, Auckland, 1142, New Zealand
Investor Relations email: investor@airnz.co.nz
Investor website: www.airnewzealand.co.nz/investor


31 July 2018
Air New Zealand Board Chairman Tony Carter to retire in 2019
Air New Zealand Chairman Tony Carter will retire at the airline’s Annual Shareholders’
Meeting in September next year and be replaced by current Director Dame Therese
Walsh. Mr Carter has held the role of Chairman at the airline since 2013 after joining
the Board in 2010.

Mr Carter signalled to the Board last year that 2019 was likely to be his final year at the
helm of the national carrier and by making this decision now allows fellow Directors the
time to adequately plan for his succession.

“I am thrilled that Dame Therese Walsh, who has been on the Board for two years, will
succeed me with the unanimous support of her fellow Directors. Dame Therese will be
Air New Zealand’s first female Chairman and is an outstanding leader with extremely
strong corporate governance and commercial skills. Importantly, she is highly customer
centric and intimately understands the role of iconic brands to supercharge our nation’s
success,” Mr Carter says.

Dame Therese is currently Chairman of TVNZ, a Director of ASB and Contact Energy
and a previous Director of the NZX. She is also a Trustee of Wellington Regional
Stadium, a Board member of Antarctica New Zealand and Pro Chancellor at Victoria
University. Her appointment as Chairman of Air New Zealand will coincide with the
conclusion of her tenure as Chairman of TVNZ.

In her management career, she held roles including Chief Operating Officer for the
2011 Rugby World Cup and Head of New Zealand for the 2015 Cricket World Cup.
Prior to these she was the Chief Financial Officer at NZ Rugby and an auditor at
KPMG.

Dame Therese says she is humbled to have been unanimously elected Chairman-elect
of Air New Zealand.

“I have had the privilege of working with an outstanding Chairman, Board, Chief
Executive Officer and Executive team at Air New Zealand for the past two years. When
I take up the position of Chairman at the Annual Shareholders’ Meeting in September
next year, I look forward to continuing the great work we are doing to supercharge New
Zealand’s success. The fortunes of our airline and our nation are inextricably linked.”
she says.

Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC: ANZLY)


MARKET ANNOUNCEMENT

Air New Zealand postal address: Private Bag 92007, Auckland, 1142, New Zealand
Investor Relations email: investor@airnz.co.nz
Investor website: www.airnewzealand.co.nz/investor


Chief Executive Officer Christopher Luxon welcomed Dame Therese’s selection by her
fellow Directors as Air New Zealand’s next Chairman.

“I’m excited about working more closely with Dame Therese, who will be an absolutely
excellent Chairman. I am in no doubt that she will both challenge and support the
Executive to make our airline even more successful,” Mr Luxon says.

Mr Carter will be formally acknowledged for his outstanding contribution to the ongoing
success of Air New Zealand, which has been regularly recognised during his tenure as
one of the world’s best airline’s, at the Annual Shareholders’ Meeting next year.


Ends.

Karen Clayton
General Counsel and Company Secretary