Michele Kernahan, currently Chief Executive of the Construction Division, will move into the role of Chief Executive of Building Products, with Peter Reidy (above), currently Chief Executive of KiwiRail, taking over as the new CE.
Both appointments are effective early November 2018, at which time David Thomas, current Interim Chief Executive of Building Products, will return full time to his role as General Manager of Winstone Wallboards.
Fletcher Building CEO, Ross Taylor, says of the appointments: “Our new strategy clearly defines our ambition to grow our core operations in building products and Michele is ideally placed to lead this, bringing with her significant experience in the sector through her prior General Manager roles with Golden Bay Cement and Laminex Australia.
“We are also pleased to have David resuming his leadership of Winstone Wallboards, and in particular, focusing on delivering Fletcher Building’s major capital investment project into a new Auckland-based plasterboard manufacturing facility.
“At the same time we remain focused on stabilising our Construction Division, and in particular, increasing our focus on lower-risk, more profitable sectors such as infrastructure and roading.
"Peter has a strong track record of leading infrastructure businesses, including in his current role at KiwiRail and previously as Chief Operating Officer Infrastructure Services with Downer Group in Australia.
"I am confident Peter will build on the work Michele and her leadership team have commenced to strengthen the Construction Division and lead it into a new phase of sustainable growth.”