The market delivered a savage reaction to the company's results announcement this morning, which included a $122m impairment and the exit of the chair and CEO.
Fletcher Building chief executive Ross Taylor has announced his retirement.
Shares in Fletcher building plummeted 16% when trading resumed after a two-day halt as the market absorbed a disappointing first half result and the resignations of its chair and chief executive.
At the 12.30pm market open Fletcher stock immediately dropped 66c to hit $3.50 from the previous close
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