BUZZ-Air New Zealand falls on CEO's resignation

Reuters

03-06

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;))

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