New Zealand-based Fletcher Building will be interim chief executive after what appears to be an update to outgoing chief executive Ross Taylor’s plan.
In the original February announcement, Taylor was willing to serve for six more months, if required, after pronouncing his resolution to retire.
As the company explains in the statement: “The national search for a new CEO of the Group will move forward, taking advantage of the company’s succession plan. The search process will be led by non-executive director Barbara Chapman, who chairs the company’s Human Resources and Compensation Committee. “. .
“Mr. Taylor has a six-month deadline, which he will comply with in full if necessary, to facilitate an orderly handover to his successor. “
That has changed, with no explanation from the company that announced it Monday, but Taylor will remain with the company until the end of August as part of the deal.
“As part of the previously announced CEO renewal process, Fletcher Building Limited announced today that the Board of Directors has appointed Nick Traber as Interim Chief Executive Officer of the Company, replacing Mr. Ross Taylor, effective March 29, 2024 for an interim term until a permanent Chief Executive Officer is appointed,” Fletcher announced Monday.
“Mr. Traber has been Managing Director of the Company’s High Performance Concrete Division since January 2021. During his tenure, he advanced the division’s operational functionality, adding its functionality in fitness and safety, visitor satisfaction, sustainability and innovation, as well as a strong and advanced monetary functionality.
“Prior to joining the company, Mr. Traber held CEO positions at Holcim, a leading concrete and construction fabric company in Europe and South America. “
Fletcher said the “strong” search for a new permanent director general is “progressing” and that the process “includes Mr. Traber as both an internal candidate and an external candidate. “
And the company’s new president and executives?
Fletcher said that, as announced in the past, the board of trustees of Fletcher Building Limited has embarked on a board renewal procedure to identify successor trustees and the appointment of a new chairman.
“The Board is applying with Johnson Partners to assist in this proceeding, and discussions are underway with potential external candidates. The renewal procedure will bring new skills and perspectives to the Board, to help with the characteristics that can be had for the election of a new president,” the company said in the statement.
“The Council is committed to finalizing the Council’s renewal procedure as soon as possible. “
Fletcher said two will leave the board in the coming months.
The company said Doug McKay “informed the board of directors that he will be stepping down effective June 30, 2024. In addition, Mr. Rob McDonald has informed the Board of Directors that he will not be re-elected at the next Annual Meeting of Shareholders. “in October and will retire from the Board at that time.
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