Fletcher Building Limited

Equities

FBU

NZFBUE0001S0

Construction Supplies & Fixtures

End-of-day quote New Zealand S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
3.86 ^NZD	-0.52%		0.00%	-19.25%

Apr. 16	Fletcher Building Appoints Interim Group General Counsel	MT
Apr. 05	New Zealand Shares Flat on Friday on Hawkish Fed Comments; Fletcher Building CFO Resigns	MT

Fletcher Building Announces Update on Chair Succession Process

March 04, 2024 at 08:35 am EST

The Board of Fletcher Building Limited (the 'Company') today announced an update to shareholders on the Chair succession process it is undertaking.

Mr Bruce Hassall has decided to step down as Chair and director of the Company with immediate effect.

Mr Hassall's decision is to expedite the appointment of a new permanent Chair, who will then lead the appointment of a new CEO.

Ms Barbara Chapman has been appointed as acting Chair and will lead the external and internal search process for the new Chair. Ms Chapman will not be putting herself forward for the permanent Chair role.

Ms Chapman said: 'The Board and Management continue to prioritise the operational performance of the Company, finalisation of the NZICC project, and managing the Western Australia plumbing matters.'

Contact:

Christian May

Tel: +64 21 305 398

Email: christian.may@fbu.com

Aleida White

Head of Investor Relations

Tel: +64 21 155 8837

Email: aleida.white@fbu.com

Latest news about Fletcher Building Limited

Fletcher Building Appoints Interim Group General Counsel	Apr. 15	MT
New Zealand Shares Flat on Friday on Hawkish Fed Comments; Fletcher Building CFO Resigns	Apr. 05	MT
Fletcher Building CFO Steps Down	Apr. 04	MT
Bevan McKenzie Decides to Resign as Group Chief Financial Officer of Fletcher Building Limited, Effective October 4, 2024	Apr. 04	CI
New Zealand removes barriers on foreign building products to cut prices	Apr. 03	RE
Fletcher Building Limited Announces Chief Executive Changes Effective from March 29, 2024	Mar. 25	CI
Fletcher Building Limited Announces Executive Changes	Mar. 25	CI
New Zealand Shares Close Flat on Monday; Fletcher Building Chair Steps Down	Mar. 03	MT
Fletcher Building Chair Steps Down; Acting Chair Named	Mar. 03	MT
Fletcher Building Announces Board Changes	Mar. 03	CI
Fletcher Reportedly Pitches for Banks to Sell Off Tradelink	Feb. 20	CI
Fletcher Likely to Target Private Equity Buyers for Tradelink Plumbing Business	Feb. 14	CI
Fletcher Building Limited Provides Earnings Guidance for the Fiscal Year 2024	Feb. 14	CI
Fletcher Building Limited Announces Not to Declare an Interim Dividend for Fiscal Year 2024	Feb. 14	CI
Australian shares plunge on dampened hopes of early Fed rate cuts	Feb. 14	RE
Fletcher Building Swings to Loss in H1 Fiscal 2024; Shares Closed in the Red	Feb. 14	MT
New Zealand Shares Extend Decline on US Inflation Woes; Fletcher Building Swings to Net Loss in Fiscal H1	Feb. 13	MT
Bremworth Names COO	Feb. 13	MT
Fletcher Building Denies Report of Iplex Business Sale	Feb. 13	MT
Australian shares fall sharply in broad selloff; CBA slips on HY profit drop	Feb. 13	RE
Fletcher Building's CEO to Retire, Chairman to Step Down	Feb. 13	MT
Transcript : Fletcher Building Limited, H1 2024 Earnings Call, Feb 14, 2024	Feb. 13
Fletcher Building Swings to Loss in H1 Fiscal 2024	Feb. 13	MT
Fletcher Building Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 13	CI
Fletcher Building Shares to Resume Trading Tomorrow	Feb. 13	MT

Chart Fletcher Building Limited

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Company Profile

Fletcher Building Limited is a New Zealand-based employer, manufacturer, home builder and partner on construction and infrastructure projects. Its segments include Building Products, Distribution, Concrete, Australia, Residential and Development, and Construction. Building Products segment is a manufacturer, distributor and marketer of building products used in the residential, industrial and commercial markets in New Zealand. Distribution segment consists of building and plumbing product distribution businesses in New Zealand. Concrete segment includes its interests in the concrete value chain, including extraction of aggregates, and the production of cement, concrete and concrete products. Australia segment manufactures and distributes building materials for a range of industries across Australia. Residential and Development segment involves building and sale of residential homes in New Zealand and development and sale of commercial and residential land in Australia and New Zealand.

Sector

Construction Supplies & Fixtures

Calendar

2024-08-20 - Q4 2024 Earnings Release (Projected)

Related indices

S&P/ASX 200

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Ratings for Fletcher Building Limited

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

3.86 NZD

Average target price

4.551 NZD

Spread / Average Target

+17.90%

Consensus

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Quarterly earnings - Rate of surprise

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