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

Wed, 22 Aug 2012

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...

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