Fletcher calls in the consultants as chair quits

Who is next to exit Fletcher? All the board please, Simplicity founder Sam Stubbs says as chair Bruce Hassall pulls forward his resignation. (Image: Supplied)

Rebecca Stevenson

Mon, 04 Mar 2024

Fletcher Building has called in high-profile Australian corporate consultants to gauge the mood of its major shareholders. Leaked correspondence revealed Fletcher Building shareholder Simplicity, the New Zealand Shareholders Association (NZSA) and Blackbull Research wrote to the listed building giant in late February formally calling for an “orderly” resignation of its entire board and an independent valuation of the business if it were broken up. The abrupt resignation of chair Bruce Hassall on Monday has been welcomed by...

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