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

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)
Rebecca Stevenson
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...

More Markets

NZ stocks end firmly as outlook brightens
Markets Market Close

NZ stocks end firmly as outlook brightens

Improved, post-results season sentiment drove NZ stocks higher.

Jamie Gray 28 Nov 2025
The Warehouse Albany and Silverdale could be first in line for store revamp
Retail

The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Staff reporters 28 Nov 2025
Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

Andy Macdonald 28 Nov 2025
New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...

Ian Llewellyn 28 Nov 2025