Air New Zealand's CEO to step down this year

Air New Zealand CEO Rob Fyfe plans to step down by the end of 2012, it was widely reported by New Zealand media Monday. The New Zealand Herald quoted a statement from Fyfe saying that his decision was made partly to create the space for the airline’s talented and capable executives to realize their full potential.  Fyfe, who has been ANZ CEO since 2005, is credited with introducing many of the changes that transformed the airline.