Fletcher Building chair succession update

Fletcher Building Limited (ASX: $FBU) has announced an update on the chair succession process. Mr Bruce Hassall has stepped down as Chair and director of the Company and Fletcher Building Industries Limited with immediate effect. Ms Barbara Chapman has been appointed as acting Chair and will lead the search process for the new Chair and CEO.

Ms Chapman's statement on the chair succession update

Ms Barbara Chapman, acting Chair of Fletcher Building, stated, 'The Board and Management continue to prioritise the operational performance of the Company, finalisation of the NZICC project, and managing the Western Australia plumbing matters.'

Summary of Fletcher Building's chair succession update

Fletcher Building Limited (ASX: $FBU) has announced the departure of Mr Bruce Hassall as Chair and director, with Ms Barbara Chapman appointed as acting Chair to lead the search for a new permanent Chair and CEO. The Company remains focused on operational performance, the finalisation of the NZICC project, and addressing the Western Australia plumbing matters. Shareholders can expect further updates as the succession process unfolds.