Ralph Norris to chair Fletcher Building
The former Commonwealth Bank of Australia boss Ralph Norris will be the next chairman of the New Zealand based building products group Fletcher Building.
He will take over from the long-serving Ralph Waters who will retire on 21 October following Fletcher's annual general meeting, bringing an end a 13-year involvement with the company.
Fletcher Building chief executive Mark Adamson said the underlying result was strong, with double-digit earnings growth despite currency headwinds and mixed trading conditions in Australia.
Fletcher Building is the biggest company on the NZX 50 Index.
The construction and building products company is benefiting from rising construction activity especially rebuilding work in the earthquake struck, Canterbury.