Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Air NZ's Luxon to depart Sept 25


By Rebecca Howard

June 20 (BusinessDesk) - Air New Zealand chief executive Christopher Luxon has resigned effective Sept. 25, Air New Zealand said late Wednesday.

Chairman Tony Carter said the board has commenced an international search and expected to be in a position to announce the appointment of a new chief executive in the near future.

“The opportunity to lead New Zealand’s most iconic company will attract many great candidates both internationally and within New Zealand," he said.

Carter said Luxon has made an outstanding contribution to the airline, which has experienced a period of enhanced profitability, strong dividends, record customer satisfaction scores, outstanding brand health and the best corporate reputation in New Zealand and Australia during his seven-year tenure. Luxon has been with the airline for eight years, seven as CEO.

Regarding his next step, Luxon said he plans to take a break over the summer to think about what he wants to do next.

"I would like to think more about how I can best use my skills, abilities and experience to make a further contribution to the success of New Zealand whether that be through corporate life, politics or a non-profit."

The shares last traded at $2.71.

(BusinessDesk)


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

$7.5 Billion Surplus: Government Accounts "Show Strong Economy"

“The surplus and low levels of debt show the economy is in good shape. This allows the Government to spend more on infrastructure and make record investments in health and education,” Grant Robertson says. More>>

ALSO:

New OIO Application Trumps Judicial Review: OceanaGold Cleared To Buy Land For Waihi Tailings Expansion

In a surprise turnaround, the government has given OceanaGold a greenlight to buy land to expand its Waihi mine after the application was previously turned down by Land Information Minister Eugenie Sage. More>>

ALSO:

Christchurch Rebuild: Fletcher Sued For $7.5m Over Justice Precinct

Fletcher Building is being sued for $7.5 million by utilities contractor Electrix, one of the subcontractors on the Christchurch Justice and Emergency Services Precinct. More>>

Three New Drugs: PHARMAC Signs Bundle Deal For More Cancer Medicines

420 New Zealanders with lung cancer, breast cancer, multiple sclerosis and respiratory disease will benefit each year from a bundle deal PHARMAC has finalised with a medicine supplier. More>>

ALSO:

"Levels Playing Field": Government Responds To Electricity Price Review

The changes announced today include: • Supporting new and independent retailers by requiring the big power companies to sell into the wholesale market at affordable rates. • Extending discount rates to all customers • A pilot scheme to help customers who have not switched power providers before to shop around for better deals... More>>

ALSO: