What’s at stake: Fletcher Building CEO Ross Taylor may resign after the company warned of further provisions and impairments affecting its forthcoming results.
Background: Fletcher has made repeated provisions and impairments over the years, particularly since 2017 for costs associated with major construction projects.
Main players: CEO Ross Taylor, chair Bruce Hassall, CFO Bevan McKenzie.
Fletcher Building’s shock disclosure of further impairment charges and the possible resignation of chief executive Ross Taylor has left analysts questioning the board’s accountability for continuing bad news at the building and materials giant.
After last week announcing a $180 million provision
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Key points
What’s at stake: Fletcher Building CEO Ross Taylor may resign after the company warned of further provisions and impairments affecting its forthcoming results.
Background: Fletcher has made repeated provisions and impairments over the years, particularly since 2017 for costs associated with major construction projects.
Main players: CEO Ross Taylor, chair Bruce Hassall, CFO Bevan McKenzie.
