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

Thu, 22 Aug 2024

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...

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