Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Sir Ralph Norris to take up Fletcher chair in October

Sir Ralph Norris to take up Fletcher chair in October

By Paul McBeth

Aug. 19 (BusinessDesk) - 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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Science Awards: NZAS Celebrate NZ Scientific Achievements

The Marsden Medal is awarded for a lifetime of outstanding service to the cause or profession of science, in recognition of service rendered to the cause or profession of science in the widest connotation of the phrase. This year’s medal is awarded to Dr Mike Andrews. More>>


Court Rules: Affco 'Unlawfully' Locked Out Meat Workers

The note says the full court found for the plaintiffs, "that is that the defendant locked out the second plaintiffs unlawfully and that it breached s 32 of the Act by acting otherwise than in good faith towards the plaintiffs while collective bargaining was still going on." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news