by Mike Bain- The Daily Examiner.
Another day, another top executive steps down from a major company.
This time it is Air New Zealand’s Chief, Greg Foran, who has resigned but will remain the position until October.
Foran’s resignation follows two other high-profile resign: Richard Prebble, who left the Waitangi Tribunal, and Reserve Bank Governor Adrian Orr.
In an NZX announcement, the airline’s chair Dame Therese Walsh said Foran had told the company board the time was right to step down.
Foran believed the airline was set up well to continue its trajectory of growth and innovation.
Walsh said Foran had shown exceptional leadership and grit, especially through the crisis Covid-19 presented.
“Perhaps his most notable contribution has been managing significant global supply chain challenges,” Walsh added.
The airline last month reported earnings before tax of $155 million for the six months to December 31, down from $185m in the same prior period.
“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,” Walsh said.
