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Fletcher Building poorly governed but responsibility is hard to place

Publish Date
Fri, 5 Apr 2024, 7:00pm
Photo / Supplied
Photo / Supplied

Fletcher Building poorly governed but responsibility is hard to place

Publish Date
Fri, 5 Apr 2024, 7:00pm

The leadership shake-up at Fletcher Building continues with CFO Bevan McKenzie announcing he will quit later this year.  

Earlier this year, Fletcher Building posted a 26.7% drop in earnings and an after-tax loss of $120 million. 

Simplicity Founder and Fletcher shareholder Sam Stubbs tells Heather du Plessis-Allan the company has been poorly governed but that it is hard to know where exactly responsibility lies. 

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