Shareholders have lost confidence in Fletcher Building board and it shouldn't appoint new CEO, analyst says

Shareholders have lost confidence in Fletcher Building board and it shouldn't appoint new CEO, analyst says
Fletcher Building's board will likely be down to four members within days. (Image: Getty)
Rebecca Stevenson
Fletcher Building shareholders have lost confidence in the company's existing directors and will want a full board renewal, an analyst says. This week, the embattled construction giant told markets that two directors, Rob McDonald and Martin Brydon, would drag forward their exits from October to the end of June. Brydon’s October exit had only been announced on June 18 before it was pulled forward on June 25. On June 24, it was announced McDonald would leave on June 30. His exit was announced on March 25, alongside Doug...

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