New Fletcher CEO Adamson to extend cost review in face of tepid outlook

New Fletcher CEO Adamson to extend cost review in face of tepid outlook
By Jonathan Underhill Aug. 22 (BusinessDesk) - Mark Adamson, who takes over as chief executive of Fletcher Building on Oct. 1, will extend the company’s strategic review of its businesses, with a particular focus on long-run steel, as it tries to drive down costs in the face of a tepid outlook for trading. Adamson joined current chief Jonathan Ling and chief financial officer Bill Roest at an analyst briefing following the release of the Auckland-based company’s full-year earnings, which fell 12 percent before one-time charges. The company sa...