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

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Cost of Ōtaki to north of Levin highway nears $2b
Infrastructure

Cost of Ōtaki to north of Levin highway nears $2b

In 2020, the lower North Island expressway was costed at just $817m.

Oliver Lewis 01 Jul 2025
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025
Food scrap U-turn chills waste sector investment
Infrastructure

Food scrap U-turn chills waste sector investment

The Government’s backtrack on the food waste mandate undermines investor confidence.

Cécile Meier 30 Jun 2025