Fletcher Building announces changes to its Executive Team

Fletcher Building announces changes to its Executive Team

Auckland, 16 July 2018: Fletcher Building today announced two new appointments to the
roles of Chief Executive Building Products and Chief Executive Construction on its Executive
Team.

Michele Kernahan, currently Chief Executive Construction, will move into the role of Chief
Executive Building Products, and Peter Reidy, currently Chief Executive KiwiRail, has been
appointed as the new Chief Executive Construction. Both appointments are effective early
November 2018.

David Thomas, currently serving as the Interim Chief Executive Building Products, will return
to his role as General Manager Winstone Wallboards once the appointments are effective.

Commenting on the appointments Fletcher Building CEO Ross Taylor said: “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.”

#Ends

For further information please contact:
MEDIA
Leela Gantman
Head of Communications
+64 27 541 6338
Leela.gantman@fbu.com
INVESTORS AND ANALYSTS
Rodney Deacon
Head of Investor Relations
+64 21 631 074
Rodney.deacon@fbu.com