Fletcher Building shareholders suggest new chair could already be on the board

Peter Crowley says the Fletcher board has a relentless focus on driving performance improvement. (Image: Dean Purcell)

Thu, 24 Oct 2024

Fletcher Building has an acting chair, but on Wednesday, stand-in chair Peter Crowley was winning over disgruntled shareholders.With Barbara Chapman suffering from covid, Fletcher director Crowley took the reins and led the annual general meeting in Auckland. Fletcher’s diminished board was fronting up to shareholders after a difficult year. It recorded a more than $220 million loss, asked for covenant relief from its banks, wrote down its Higgins construction business by more than $110m and raised $700m to ease its constricted...

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