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

Fisher & Paykel Healthcare helps NZX up 1%
Markets Market Close

Fisher & Paykel Healthcare helps NZX up 1%

Skellerup Holdings shares rose 5.1%. 

Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet.