Fletcher Building appoints new Chief Executive Construction

Fletcher Building Limited, Private Bag 92114, Auckland 1142, 810 Great South Road, Penrose, Auckland 1061, New Zealand

Fletcher Building appoints new Chief Executive, Construction
Auckland, 2 May 2022: Fletcher Building today announces that Phillip Boylen
has been appointed as the new Chief Executive of Fletcher Construction
Company Limited (FCC).
Fletcher Building Chief Executive Officer Ross Taylor says: “Phillip has been with
FCC since 2019 and is presently responsible for both Brian Perry Civil and
Higgins; these businesses represent around 70% of the total FCC operations. He
has led our Brian Perry Civil, Watercare Alliance and the South Pacific
businesses, and has recently taken on the leadership of Higgins. Importantly he
has a proven strong track record within FCC of driving both business
performance and strong customer outcomes. Prior to this, he held senior
leadership roles in United Group Ltd, Downer and Tenix.
“Phillip brings a highly relevant skillset to the role, with deep industry knowledge
across large projects, construction work programs and maintenance style
contracting. He has run some of our most significant construction contracts and
has very strong water and waste-water experience.
Peter Reidy, the current Chief Executive, will be leaving the company to become
Chief Executive of KiwiRail.
Ross Taylor says: “Over the past four years under Peter’s leadership, we have
reset our construction business, set it on a strong pathway into the future, and
completed most of the legacy projects. Importantly FCC has grown its forward
order book from $1.2 billion to more than $3.3 billion, with a margin and risk
profile that supports FCC returning to sustainable profitability levels of c 3% to
5% EBIT margins.
“Phillip is taking on his new role at an exciting time for the business with a strong
and well dimensioned future order book.
“I’d like to congratulate Phillip on his new role and thank Peter for his contribution
to FCC. We will be confirming timing around the leadership transition in the
coming days.”
#Ends

Fletcher Building Limited, Private Bag 92114, Auckland 1142, 810 Great South Road, Penrose, Auckland 1061, New Zealand
Authorised by:
Chris Reid
Company Secretary

For further information please contact:

MEDIA
Christian May
General Manager – Corporate Affairs
+64 21 305 398
Christian.May@fbu.com
INVESTORS AND ANALYSTS
Aleida White
Head of Investor Relations
+64 21 155 8837
Aleida.White@fbu.com