March 25, 2024

Industry News

Fletcher Building´s CEO Transition And Board Renewal Processes

As part of the previously announced CEO renewal process, Fletcher Building Limited has today announced that the Board has appointed Nick Traber as Acting CEO of the company, replacing Ross Taylor, effective from 29 March 2024 for an interim period until a permanent CEO is appointed.

Mr Traber has been chief executive of the company’s high performing concrete division since January 2021. During his tenure he has improved the operational performance of the division, including lifting its performance in health & safety, customer satisfaction, sustainability, and innovation. There has also been a strong and improved financial performance. Prior to joining Fletcher Building, Mr Traber held CEO roles in Europe and South America within the leading concrete and building materials company, Holcim.

The Fletcher Building Board is progressing a robust CEO search process which includes Mr Traber as an internal candidate, as well as external candidates. The process for the appointment of a permanent CEO will conclude following appointment of the new company Chair. To ensure an orderly transition, Mr Taylor will remain available to support Mr Traber and the business as required until 23 August 2024. The Board appreciates the contribution Mr Taylor has made in the role and his availability to support Mr Traber over the next few months as required.

As also previously announced, the Board of Fletcher Building Limited has committed to a Board renewal process to identify replacement directors and the appointment of a new Chair. The Board is committed to finalising the Board renewal process as soon as possible.

To facilitate the process of Board renewal, Mr Doug McKay has informed the Board that he will step down with effect from 30 June 2024. Additionally, Mr Rob McDonald has advised the Board that he will not stand for re-election at the next annual shareholders’ meeting in October and will retire from the Board at that time.

For further information, visit the Rio Tinto website: www.fletcherbuilding.com