Air NZ Chief Executive Greg Foran to step down October 2025

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


6 March 2025
Air New Zealand Chief Executive Greg Foran to step down in October 2025
Air New Zealand has announced that Chief Executive Officer Greg Foran has resigned and will
leave the airline on 20 October 2025.
Chair, Dame Therese Walsh, notes Greg has indicated to the Board that he believes the airline is set
up well to continue its trajectory of growth and innovation, and the time is right for him to take on a
new challenge.
Paying tribute to Greg’s five-year tenure, Dame Therese says that “Greg has always displayed
exceptional leadership and grit, not only guiding Air New Zealand through global aviation’s most
significant crisis, but at the same time also maintaining the airline’s tradition of innovation, strong
culture and care for our country.”
“Perhaps his most notable contribution has been managing significant global supply chain
challenges. These begun with COVID 19, and continue today with the engine issues materially
impacting both our Boeing and Airbus fleets. While these challenges impact our operations almost
daily, Greg’s relentless focus, and global profile, have been instrumental in mitigating the
consequential disruptions on our customers.”
“As I’d expect of Greg, he’s been very generous with his notice period and will stay with Air New
Zealand through to the middle of October. This allows the Board to carry out a global search for his
replacement which we will embark on immediately. The timing also allows Greg to help transition in
a new leader. In the meantime, Greg will continue to lead Air New Zealand with the same
dedication and energy that has defined his time with us,” says Dame Therese.
Reflecting on his five years with the airline, Greg Foran says “Leading Air New Zealand has been
one of the greatest privileges of my career. It’s been an incredible experience alongside an
exceptional team. I’m incredibly proud of what we’ve achieved together and the way we’ve
positioned Air New Zealand for the future.”
“I am humbled by the work Air New Zealanders do every day and their extraordinary commitment
to each other, our customers and our country. Despite so many issues outside of our control, we
have continued to deliver improvements to our service every day and I’ll leave later this year
knowing Air New Zealand’s foundations are immensely strong, and its future very bright. It has
been an honour to serve our customers, our 11,500 strong team, and New Zealand. I will look back
on my time here with immense pride and gratitude.”
This announcement is made pursuant to Listing Rule 3.20.1.
Ends.

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


This announcement is authorised for release on the NZX and ASX by Jennifer Page, General
Counsel & Company Secretary, jennifer.page@airnz.co.nz

For investor relations queries, contact: For media enquiries, contact:
Kim Cootes, Head of Investor Relations Air New Zealand Communications
kim.cootes@airnz.co.nz media@airnz.co.nz
+64 27 297 0244 +64 21 747 320