UPDATE: Fletcher dumps Adamson in face of investor dissatisfaction; Binns stays mum

Wed, 19 Jul 2017

(Adds investor comment, details on outlook, updates shares) By Jonathan Underhill July 20 (BusinessDesk) - Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, who leaves immediately with the loss of share options and other incentives as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. The stock dropped 8.4 percent to a 16-month low of $7.41. Typically major companies allow underperforming executives to manage their departure, publicly at leas...

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