Fletcher's board ‘adapts’ chair first, then CEO appointment strategy

Fletcher's board ‘adapts’ chair first, then CEO appointment strategy
Fletcher's board adjusted its recruitment strategy in appointing Andrew Reding as its next CEO before a new chair. (Image: NZ Shareholders' Association)
Oliver Lewis
The Fletcher Building board changed its recruitment strategy by appointing a new chief executive, Andrew Reding, before refreshing the chair position.The dual-listed building giant announced its 2024 financial year results on Wednesday. It recorded a $227 million net loss, down from an after-tax profit of $235m in 2023. Among other significant items, the company reported a $117m impairment and write-down in the value of its civil construction business, Higgins.The day before the results were announced, acting board chair Barbara Chapman an...

More Infrastructure

From trainee priest to ferry finder chair
Infrastructure

From trainee priest to ferry finder chair

Is there anything Chris Mackenzie hasn't done?

Oliver Lewis 15 Apr 2025
Treasury unhappy with tweaks to $1b transport fund
Infrastructure

Treasury unhappy with tweaks to $1b transport fund

The money was meant to bring forward a second wave of roads of national significance. 

Oliver Lewis 14 Apr 2025
Tainui and Brookfield team up for $1b Ruakura Superhub expansion in Hamilton
Infrastructure

Tainui and Brookfield team up for $1b Ruakura Superhub expansion in Hamilton

Tainui Group is teaming up with Brookfield Asset Management to accelerate the development of the Ruakura Superhub in Hamilton. On Friday, Tainui Group said the joint venture aims to “supercharge the development” of the logistics and industrial precinct, starting by purchasing fou...

Staff reporters 11 Apr 2025
Fast-track panels not out of blocks yet
Policy

Fast-track panels not out of blocks yet

The first three projects to go through the process are still waiting on panels.

Oliver Lewis 10 Apr 2025