Air New Zealand Announces Executive Changes

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


22 May 2020
Air New Zealand Announces Executive Changes

Air New Zealand Chief Executive Officer Greg Foran is reducing the size of his Executive team as
the airline adapts to a much smaller scale in the wake of the impact of Covid-19.

“As we have done in all parts of our business, we are creating the structure that is appropriate for
an airline which we expect will take two years to get back to 70 percent of its former size. On that
basis I have reduced the size of the Executive team from nine to six,” Mr Foran says.

Chief Strategy Networks and Alliances Officer Nick Judd will depart the airline on 31 May and Chief
Air Operations and People Safety Officer John Whittaker on 31 July.

Chief Marketing and Customer Officer Mike Tod will step away from the airline full-time on 31 May
and will provide advisory support to the Chief Executive Officer and Board during the current
business transformation phase.

Mr Foran says the portfolios of the three departing Executives will be absorbed by the remaining
members of the Executive team.

“Nick, John and Mike have made an outstanding contribution to the airline with a combined 68
years of service at Air New Zealand. They have played pivotal roles in growing Air New Zealand’s
international network, the delivery of award winning products and services, putting sustainability at
the heart of our business and deepening relationships with key stakeholders like unions and
alliance partners. They will leave at a time where our customer satisfaction scores are at all-time
highs, we are seen to lead the way with culture and people safety in aviation, our brand health is
the best it has been and our corporate reputation is number one in Australia for the third year
running and number one in New Zealand for the sixth consecutive year,” Mr Foran says.

“In my short time at Air New Zealand, they have been incredibly helpful to me as I have settled into
the role and their deep experience has been vital as we’ve navigated through a most tumultuous
last 100 days. As with the current 30 percent workforce reduction, these three changes are equally
difficult. Mike, John and Nick are going to be deeply missed and they have interacted with
thousands of our Air New Zealand whanau, near and wide over many years. Externally, they also
play a critical role with our domestic and international partners and suppliers.”

Mr Foran will now commence a review of the airline’s Senior Leadership Team.

Ends.

Jennifer Page
General Counsel and Company Secretary

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


For investor relations questions, please contact:
Leila Peters
GM Corporate Finance
leila.peters@airnz.co.nz
+64 21 743 057

Kim Cootes
Manager, Investor Relations
kim.cootes@airnz.co.nz
+64 27 297 0244