Fletcher Building Leadership and Board announcement

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

Fletcher Building Leadership and Board announcement

Auckland, 14 February 2024: Fletcher Building Ltd (“Fletcher Building” or “the
Company”) today announces that Group Chief Executive Officer (CEO) Ross Taylor
has given notice to the Board of his retirement and that as part of a Board renewal
review being undertaken, Chairman Bruce Hassall will step down from the Board at
the Company’s Annual Shareholders Meeting later this year.

An international and domestic search for a new Group CEO will be progressed,
leveraging the Company’s succession plan. The search process will be led by Non-
Executive Director Barbara Chapman who Chairs the Company’s People and
Remuneration Committee.

Mr Taylor has a six-month notice period, which he will serve in full if required, to
facilitate an orderly handover to his successor.

Fletcher Building Chairman Mr Bruce Hassall said, “The Board, Ross and I believe it
is in the best interests of the business and the team that he handover to a new leader
and that I hand over to a new Chair at the time of the ASM in October.”

The Board thanks Bruce and Ross for their leadership and contribution since 2017.
During this period, they have led the turnaround of Fletcher Building which has seen
the core businesses becoming more focused and profitable, with improved
earnings, margins and returns. The Company has a growth strategy in place and is
focussed on progressing the close out of construction legacy projects and
developing an industry solution for the Perth plumbing issue.

Mr Taylor said, “Fletcher Building is a great business, and it has been an honour and
pleasure to have the opportunity to work with such a committed team of people. I
remain committed to the business and facilitating a smooth and orderly transition to
my successor who will be able to focus on leading the organisation through the next
strategy cycle and beyond.”

ENDS

Authorised by:
Ashleigh Harding
Company Secretary

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

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