Sharechat Logo

Fletcher appoints Tim Richards as building products division CEO

Friday 28th October 2011

Text too small?

New Zealand's largest listed company Fletcher Building has appointed Tim Richards as chief executive of its building products division.

Richards has been with Fletcher since the 2005 takeover of the Amatek Group and is currently general manager of Stramit, which manufactures roll-formed steel building products.

“Tim has driven considerable growth in the Stramit business through strong leadership, an ability to develop and deliver a strategic growth plan, a focus on creating strong channels to market and completing growth acquisitions,” the company said.

Richards, who will take up his new role in early 2012 and will relocate to Auckland from Sydney, replaces Chris Ellis who resigned in July to become chief executive of Brightwater Group.

Fletcher shares are 19 cents higher at $6.80. The shares fell as low as $6.27 earlier this month, their lowest level since mid-2009, after the company issued a profit warning. They peaked at $9.53 in April.

BusinessDesk.co.nz

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Telecom will offer CEO and senior managers performance equity grants to boost profits
Fletcher Building faces probe into plasterboard supply deals
Former Fonterra executive Alison Andrew appointed to head Transpower
MRP director Miller, CFO Meek go trawling for cheap shares
Rob Fyfe to leave Trilogy board, seeks new senior role in NZ
Fletcher closes Christchurch plasterboard plant after finding asbestos
Fletcher Building names Charles Bolt as general counsel, replacing Farrell
David Ross appears at District Court hearing, remanded until Aug.29
Fletcher beats estimates with $326M FY profit as NZ revives, Australia stays flat
Crown drops charge against ex-SCF finance chief Graeme Brown