Fletcher Building cleans house: chair resigns, CEO to retire

Fletcher Building cleans house: chair resigns, CEO to retire
Insurance claims on the Sky City convention centre fire are among the problems dogging Fletcher Building. (Image: Getty)
Staff reporters
Fletcher Building chair Bruce Hassall and chief executive Ross Taylor will step down after another shock result at New Zealand's largest building materials firm and residential builder.  The announcements were made Wednesday morning while the company remains in a trading halt on the NZ and Australian stock exchanges. They were foreshadowed on Monday when the dual-listed company said the CEO would "consider his position" in light of the matters to be considered at a pre-results board meeting, including it finalising earni...

More Property

Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Gregor Thompson 04 Jun 2025
Private building consent body offers competition
Property

Private building consent body offers competition

The country's first independent consenting authority is targeting group builders.

Maria Slade 04 Jun 2025
Stuff/TradeMe go head to head with NZME
Property

Stuff/TradeMe go head to head with NZME

The marriage of online advertising portals with news producers continues.

Pattrick Smellie 03 Jun 2025
Argosy signals succession plan
Property

Argosy signals succession plan

Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...

Gregor Thompson 03 Jun 2025