26 AUGUST 2019

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Article from BTNews 26 AUGUST 2019

Interim CEO for Air New Zealand

Chief financial officer Jeff McDowall has been named acting CEO for Air New Zealand but has told the company he is not seeking the role permanently. He is stepping in for Christopher Luxon, who retires on 25 September (BTN 24 June).

McDowall is part of a double executive reshuffle, with ANZ chairman Tony Carter also retiring on 25 September, the date of the airline’s annual shareholder meeting. He will be replaced by director Dame Therese Walsh.

On the CEO position, Dame Therese said it was possible any new chief executive would not start until the first quarter of 2020 “given the calibre of the candidates being considered in the selection process”.

McDowall was previously group general manager corporate finance and group general manager commercial. Current general manager corporate finance Stephan Deschamps will take over as acting chief financial officer.

Dame Therese added: “We are fortunate to have a talented executive team united in their support of Jeff to lead them and the business as acting chief executive officer during this interim period.

“Jeff has held senior management roles across the airline for more than a decade and is well known to investors, stakeholders and key partners, such as the travel trade and unions.”

www.airnewzealand.com

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