Fletcher's largest shareholder backs board upheaval

Fletcher's largest shareholder backs board upheaval
Ross Taylor will help out interim CEO Nick Traber for a few months. (Image: NZME)
Rebecca Stevenson
Fletcher Building’s largest shareholder says its leaders must demonstrate a willingness to take accountability for the building conglomerate’s poor performance. On Monday morning, the New Zealand stock exchange-listed (NZX) building giant said this would be chief executive officer Ross Taylor’s last week on the job. Taylor and former chair Bruce Hassall are exiting Fletcher Building after fierce pressure from shareholders for a string of financial hits, including repeated provisions for the SkyCity International Conventio...

More Markets

NZ stocks end flat as US Fed decision looms
Markets Market Close

NZ stocks end flat as US Fed decision looms

Market finishes slightly down as telco company Spark loses more ground.

Jamie Gray 12 Sep 2025
Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Staff reporters 12 Sep 2025
Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Gregor Thompson 12 Sep 2025
Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

Staff reporters 12 Sep 2025