BUZZ-Air New Zealand falls on CEO's resignation

Reuters
06 Mar
BUZZ-Air New Zealand falls on CEO's resignation

** Air New Zealand AIR.NZ falls 3.6% to NZ$0.598; set for biggest intraday pct drop since February 24

** Stock worst performer on benchmark NZ50 index .NZ50, which is trading flat

** CEO Greg Foran will step down in October after five years at the helm

** Co has yet to name successor

** Says global search for new CEO underway

** AIR down 0.4% YTD

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10