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Air New Zealand is losing another top executive.
Photo: RNZ / Nate McKinnon
The airline’s CFO Jeff McDowall has notified that he will be leaving following the completion of a planned capital increase in the middle of next year.
McDowall had been with the national airline for more than 20 years and was acting chief executive officer before the arrival of Greg Foran earlier this year.
“Jeff is playing a critical role in supporting me and the Board as we rebuild from the ravages of Covid-19, but after a career spanning more than two decades with the airline, he feels it will be time to open a new chapter of his career once the capital increase is complete, “Foran said.
McDowall is the sixth senior executive to leave or give notice this year.
Three top executives, Nick Judd, Mike Tod and John Whittaker, were laid off in a restructuring in May, while their chief of staff, Jodie King, moved to Vodafone the previous month.
Last month, Chief Commercial and Customer Officer Cam Wallace left the airline after 19 years of service.
The head of research at the investment firm Fat Prophets, Greg Smith, said it was a blow to the company to lose such an experienced person but it reflected the changes that the pandemic forced on the airline and the loss of much of its business. international. .
“By their own admission, Air New Zealand is going to be a smaller airline for some time and obviously we’ve seen a lot of costs removed [of the business] and more likely to leave and that also falls on executive changes.
Meanwhile, the operator has appointed Leanne Geraghty to the newly created position of director of sales and customer.
She is currently the general manager of airports for the Air New Zealand group, responsible for more than 1800 employees and operations at 50 airports internationally.
