Fletcher Building slashes maximum CEO pay by $2m under new structure

Fletcher Building CEO and managing director Andrew Reding. (Image: NZME)

Fri, 05 Sep 2025

Fletcher Building has overhauled the pay structure for the managing director and group chief executive, slashing the total maximum remuneration by $2 million. “With the appointment of Andrew Reding, the board took the opportunity to reset the remuneration package for the managing director and Group CEO to have a stronger emphasis on the long-term and be more tightly tied to share price performance,” it said in the FY25 Remuneration Report.Reding was appointed MD and Group CEO effective Sept 30, 2024, following the interim leade...

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