Fletcher calls in the consultants as chair quits

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
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...

More Markets

From banking to boardrooms: director Shelley Ruha
Markets Small Cap Wrap

From banking to boardrooms: director Shelley Ruha

Why this small-cap chair loves littlies, rural optimism, boomer farm sales, and more.

GDP beats forecasts, but NZ sharemarket dips
Markets Market Close

GDP beats forecasts, but NZ sharemarket dips

Energy gentailers have agreed general terms for an energy reserve at Huntly.

Tom Raynel 19 Jun 2025
KMD Brands dips 5% on ‘disappointing’ update
Retail

KMD Brands dips 5% on ‘disappointing’ update

The downgrade was driven by a 6.4% drop in Kathmandu sales.

Gregor Thompson 19 Jun 2025
Another step taken to secure future of Huntly Power Station
Markets

Another step taken to secure future of Huntly Power Station

Gentailers have agreed to set up a strategic reserve centre at Huntly.

Ian Llewellyn 19 Jun 2025