Fletcher Building board will be down to five with Rob McDonald accelerating his exit

Fletcher Building board will be down to five with Rob McDonald accelerating his exit
Fletcher director Rob McDonald joined the board with Doug McKay and will now leave it with him. (Image: Contact Energy)
Rebecca Stevenson
Fletcher Building director Rob McDonald will exit the building conglomerate at the end of June, along with Doug McKay. The company said on Monday that McDonald had told the board he had decided to step down on June 30, “in the interests of facilitating the acceleration of board renewal”. The Contact Energy chair is leaving Fletcher's board with Vector chair McKay. McDonald had been slated to stand down from the Fletcher Building board at the firm’s annual meeting in October. On June 18, Fletcher director Mar...

More Markets

NZ sharemarket continues momentum, Skellerup sees green
Markets Market Close

NZ sharemarket continues momentum, Skellerup sees green

 The Red Band gumboot-maker said it earned $54.5m after tax. 

Xero board faces 'first strike' over CEO pay
Markets

Xero board faces 'first strike' over CEO pay

Xero investors fire warning shot at directors willing to pay big for talent.

Auckland airport dynamics returning to normal
Markets

Auckland airport dynamics returning to normal

Yields are improving for airlines operating into Auckland, but earnings look flat ahead.