Air New Zealand MD and CEO Ralph Norris yesterday announced that he has decided to resign from the carrier to become MD and CEO of Commonwealth Bank of Australia. Norris was appointed to take over ANZ in February 2002. At the time, the carrier was on the verge of collapse after the demise of its Ansett subsidiary in 2001. However, the government stepped in to save the airline with an NZ$885 million ($626.8 million) recapitalization. Since then, Norris has helped to remake the carrier into ...

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