Fletcher boss sharpens razor, signals heavy steel exit

Cost savings worth tens of millions of dollars will drive Fletcher Building's earnings growth, new ceo Mark Adamson says.

The straight-talking Geordie, who has a history of making efficiency gains, has been ceo for six weeks and is already setting out his tenure's theme, including a possible exit from the heavy steel industry.

"In every business I've ever run there will be job losses," he told NBR ONLINE after Fletcher's annual meeting in Auckland today.

 

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