Fletcher announces leadership changes after first-half loss

Fletcher Building has appointed Nick Traber to take over from Ross Taylor as interim chief executive from the end of the week.

Taylor’s retirement from the company was announced last month along with chair Bruce Hassell, following a disappointing first-half result.

Taylor’s permanent replacement was to be appointed following the company’s annual meeting in October, when a new chair will also be elected.

In the meantime, Traber – who has been the chief executive of the company’s concrete division for three years – will step into the role, with Thornton Williams to act as the head of the concrete division in the interim.

Taylor said he would be available to support Traber in the running of the company until 23 August.

“Traber has participated in a robust internal succession process and has an impressive track record of strong performance and effective leadership,” Taylor said in a statement to the market.

The board was also being renewed, with Barbara Chapman acting as chair.

Others to step down from the board included directors Doug McKay, from 30 June, while Rob McDonald would not stand for re-election.

The company’s chief executive and chair were not available to be interviewed about the interim changes.