Sharechat Logo

Sir Ralph Norris to take up Fletcher chair in October

Tuesday 19th August 2014

Text too small?

Sir Ralph Norris, the former head of Commonwealth Bank of Australia, will take the chair of Fletcher Building in October, replacing the retiring Ralph Waters.

Fletcher today announced Norris would take over as chairman on Oct. 21, having joined the construction company's board in April as part of the succession to replace Waters, who signalled his retirement last year. Norris is current a director of Fonterra Cooperative Group and Origin Energy, and has previously been chief executive of CBA and Air New Zealand.

“Sir Ralph had led large organisations in both New Zealand and Australia, and his extensive experience will be of great benefit to Fletcher Building which has substantial operations in both countries”, Waters said.

Waters led Fletcher as chief executive from 2001 to 2006, staying on as a director after that and taking over as chairman in 2010.

New Zealand's biggest listed company is scheduled to report annual earnings tomorrow, with Forsyth Barr analysts expecting 9 percent growth in net profit to $355.3 million.

Shares of Fletcher rose 1 percent to $9.14 today, and have gained 6.4 percent this year.

 

 

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:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report