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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Fletcher announces exit of chair and CEO

Ross Taylor and Bruce Hassall to go as company reveals a $122m impairment charge on Australian unit Tradelink.

Chair Bruce Hassall will step down at the annual meeting.

Tim Hunter Wed, 14 Feb 2024
Key points
  • Revenue: Down 0.8% to $4.25b
  • Net loss: $117m, from profit of $103m pcp. 
  • Main takeaway:  $308m of significant items hit bottom line, all divisions report weaker performance.

Fletcher Building has announced the departure of its chief executive Ross Taylor and chair Bruce Hassall as the company revealed yet another huge impairment charge in its half year results.

The company had flagged on Monday that Taylor was “considering his position” and his resignation was

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Tim Hunter Wed, 14 Feb 2024
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: Down 0.8% to $4.25b
  • Net loss: $117m, from profit of $103m pcp. 
  • Main takeaway:  $308m of significant items hit bottom line, all divisions report weaker performance.
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Fletcher announces exit of chair and CEO
Investment,
102687
true