Another one bites the dust: Fletcher Building's class of 2018 thins again with Brydon set to exit

Another one bites the dust: Fletcher Building's class of 2018 thins again with Brydon set to exit
The board had overseen a disastrous period for the building conglomerate. (Image: Getty)
Rebecca Stevenson
Shareholder pressure has claimed another board scalp at Fletcher Building, with Martin Brydon the latest director to hit the exit. In a market announcement on Tuesday morning, the dual-listed firm said Brydon would stand down at the company’s annual general meeting in October. That leaves acting chair Barbara Chapman, and board members Cathy Quinn, Peter Crowley and Sandra Dodds remaining on the Fletcher board. Former chair Bruce Hassall was forced out in early March alongside former chief executive Ross Taylor. Doug McKay&...

More Markets

NZ sharemarket up 0.4% to end the week
Markets Market close

NZ sharemarket up 0.4% to end the week

The S&P/NZX 50 Index closed at 11,794.81, up 48.15 points or 0.41%.

Australian shares rally as dollar hits six-month high
Markets Aus Market Wrap

Australian shares rally as dollar hits six-month high

The ASX200 has risen 1.2% to hit a nine-day high.

AAP 7:45am
NZ sharemarket down, Oz and US stocks climb
Markets Market close

NZ sharemarket down, Oz and US stocks climb

The S&P/NZX 50 Index closed at 11,746.66, down 44.26 points or 0.38%.

Graham Skellern 04 Jul 2024
Summerset anticipates flat 1H underlying profit
Markets

Summerset anticipates flat 1H underlying profit

The company is NZ's best-performing retirement village operator.

Gregor Thompson 04 Jul 2024