Battle for the heart of Fletcher

Battle for the heart of Fletcher
Fletcher director Cathy Quinn reportedly had some board support to become the next chair, while Mark Cairns had some shareholder backing. (Image: NZME)
Rebecca Stevenson
Oliver Lewis
The behind-the-scenes battle for the heart of Fletcher Building has broken into the open, with former Port of Tauranga boss Mark Cairns confirming he wants the chair position and has broad shareholder support.BusinessDesk put questions to Fletcher on Monday after several sources close to the company suggested incumbent director Cathy Quinn wanted the role for herself – despite protestations from shareholders averse to any current board member taking the reins.Quinn didn’t respond to a request for comment, but Fletcher said in a stat...

More Markets

NZ sharemarket up 0.1% on flat trading day
Markets Market close

NZ sharemarket up 0.1% on flat trading day

The S&P/NZX 50 Index closed at 11,790.92, up 14.18 points or 0.12%.

Advent International eyes NZ deals with Aussie outpost
Markets

Advent International eyes NZ deals with Aussie outpost

US private equity giant says NZ key market for growth.

These shares are 'priced for awful'
Markets

These shares are 'priced for awful'

Kathmandu, SkyCity and Fletcher shares are under pressure. Some are taking the plunge.