Air New Zealand chief executive Christopher Luxon says he is not interested in the top job at Fonterra and remains ''very committed'' to the airline.
There has been persistent speculation on whether he would shift to Fonterra following the resignation of Theo Spierings.
His background in the fast-moving consumer goods sector for Unilever in North America and the commercial success of Air New Zealand under his tenure were seen as strong points in his favour to succeed Spierings. Fonterra is also a bigger business than Air New Zealand.
However, he told Air New Zealand staff in a newsletter this week he isn't interested.
''Over recent months many of you have asked me, as I have moved around the business or at various town hall meetings, whether I will be leaving Air New Zealand to go to Fonterra,'' he said.