New Zealand Professional Investment Services Firm

Forsyth Barr

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Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<h2>Air New Zealand</h2>
Heavy Hitter CEO Announced
Air New Zealand’s (AIR) has announced Greg Foran as its new CEO, replacing Christopher Luxon, who left the business last month. Mr Foran is currently CEO of Walmart US and will commence the AIR CEO role in February/March next year. He is a returning Kiwi having worked in executive roles for Woolworths in both New Zealand and Australia prior to joining Walmart.
His career has been solely retail focussed and is extremely well regarded. In 2011 when Michael Luscombe vacated the Woolworths&nbsp;CEO role it surprised the market that Mr Foran was overlooked and Grant O’Brien was offered the top job.
He is a hands on operator and while he doesn’t have any airline experience his senior roles at Woolworths and Walmart have demonstrated his capabilities: managing and incentivising a large work force, creating on-line and tech based solutions, very customer focussed and a long track record of delivering commercial results. Click on the following YouTube link for a 1 News clip on Mr Foran broadcast last year:&nbsp;<a href="https://www.youtube.com/watch?v=4tg33gyESy4" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/watch?v%3D4tg33gyESy4&amp;source=gmail&amp;ust=1570836637463000&amp;usg=AFQjCNGUWnPQ2f3zluGD5pBnybOniBmyaA" rel="noopener">https://www.youtube.com/watch?v=4tg33gyESy4</a>
We regard this as positive news for AIR. It has been able to attract a heavy hitter with considerable large organisation commercial experience in a number of different markets.&nbsp;
Andy Bowley
Head of Research&nbsp;
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Air New Zealand
Heavy Hitter CEO Announced
Air New Zealand’s (AIR) has announced Greg Foran as its new CEO, replacing Christopher Luxon, who left the business last month. Mr Foran is currently CEO of Walmart US and will commence the AIR CEO role in February/March next year. He is a returning Kiwi having worked in executive roles for Woolworths in both New Zealand and Australia prior to joining Walmart.
His career has been solely retail focussed and is extremely well regarded. In 2011 when Michael Luscombe vacated the Woolworths&nbsp;CEO role it surprised the market that Mr Foran was overlooked and Grant O’Brien was offered the top job.
He is a hands on operator and while he doesn’t have any airline experience his senior roles at Woolworths and Walmart have demonstrated his capabilities: managing and incentivising a large work force, creating on-line and tech based solutions, very customer focussed and a long track record of delivering commercial results. Click on the following YouTube link for a 1 News clip on Mr Foran broadcast last year:&nbsp;https://www.youtube.com/watch?v=4tg33gyESy4
We regard this as positive news for AIR. It has been able to attract a heavy hitter with considerable large organisation commercial experience in a number of different markets.&nbsp;
Andy Bowley
Head of Research&nbsp;




T:


+64 4 495 8246




M:


+64 21 338 941




TF:


0800 367 227




F:


+64 4 495 8193




P:


PO Box: 5266, Wellington 6145








W:


www.forsythbarr.co.nz



Twitter:

@forsythbarr





Air New Zealand: Heavy Hitter CEO Announced