Fletcher Building has announced Peter Crowley and Jacqui Coombes as key appointments to its board renewal process.
Crowley’s appointment as chair of the board will take place immediately, while Coombes will join the board as an independent, non-executive director from April 14. Current acting chair Barbara Chapmna will step down from the board as the company had communicated with Chapman remaining as a director until April 30 to facilitate a transition to Crowley.
Crowley has been a director of Fletcher Building since 2019 and currently sits on the audit and risk committee, nominations committee, people and remuneration committee and the safety, health, environment and sustainability committee.
“Peter’s selection followed a thorough and extensive search for a Chair with the ideal blend of industry insight and commercial, operational and governance expertise, in a Trans-Tasman portfolio context. Given the critical importance of the role, we could not compromise on finding the right leader, so for an external candidate to be preferred, they had to be better qualified than Peter for the role,” Chapman said.
“No external candidate met that test. Peter’s unique skills and experience, coupled with his deep understanding of, and passion for, Fletcher Building, made him the best person for the role. Peter has the full support of the Board, including the incoming directors, and we are confident that his leadership will be instrumental in supporting Fletcher Building’s growth and success in the coming years.”
Chapman said the incoming appointment of Coombes to the board completed a renewal process.
Coombes’ management career includes several senior leadership roles with Bunnings, which employs over 52,000 team members across more than 500 locations throughout New Zealand and Australia, including, most recently, as director for group human resources and New Zealand. Prior to that, Jacqui led Bunnings’ New Zealand for 10 years, across 53 locations with more than 4,000 team members.
“Jacqui brings significant industry expertise from her senior executive roles in the building sector retail industry,” Chapman said.
“Her proven ability to develop high-performance teams, build a highly customer-focused culture and achieve exceptional results will make her a valuable addition to the Board. Jacqui will be appointed to chair the People and Remuneration Committee, recognising her significant experience in this space, and will also join the Nominations Committee.
“With our new CEO and managing director Andrew Reding firmly in place, the appointments of Tony Dragicevich and James Miller, alongside the appointments of Peter and Jacqui positions us with a strong and diverse refreshed board, focused on Fletcher Building reaching its full potential.”
Crowley thanked Chapman for her extensive work as acting chair throughout the board renewal process.
“I see many opportunities ahead for our business to enhance its financial performance and improve returns to investors. I would also like to acknowledge, on behalf of the full Board, the significant contribution of acting chair Barbara Chapman in leading the company and particularly our leadership renewal process during the last 12 months, in a very challenging context.
“Her commitment to the company and all its stakeholders to achieve the best possible outcome in very difficult circumstances and her unwavering focus, have been remarkable.”
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