Fletcher Building Announces Chair and Director Appointments

Fletcher Building Limited, 810 Great South Road, Penrose, Auckland 1061, New Zealand

3 February 2025

Fletcher Building Announces Chair and Director Appointments

Fletcher Building today announced the appointments by the Board of Peter Crowley as
Chair and Jacqui Coombes as an independent, non-executive director, to complete the
Company’s Board renewal process. Corresponding appointments will also be made
to the Board of Fletcher Building Industries Limited.

Peter Crowley’s appointment takes effect immediately, while Jacqui Coombes will
officially join the Board on 14 April 2025. As previously advised, Acting Chair Barbara
Chapman will step down from the Board given the completion of the Board renewal
process. Barbara will remain on the Board as a Director until 30 April 2025 to facilitate
an effective handover to Peter as he assumes the Chair role.

Acting Chair Barbara Chapman commented on the appointments: “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. 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.

“We are also very pleased to welcome Jacqui Coombes to the Fletcher Building Board.
Jacqui brings significant industry expertise from her senior executive roles in the
building sector retail industry. Her career notably includes leading Bunnings’ New
Zealand operations for 10 years and serving as Group HR Director, overseeing the HR
function for Bunnings across Australia and New Zealand. 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 & 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.”

Peter Crowley commented: “I am excited to take up the role of Chair of Fletcher Building,
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.”

Peter Crowley - Chair

Peter has been a director of Fletcher Building since 2019. He is currently a member of
the Audit and Risk Committee, the Nominations Committee, the People and
Remuneration Committee and the Safety, Health, Environment and Sustainability
Committee (although these are being reviewed following his appointment as Chair).

Peter has more than 40 years of experience in the construction materials and building
products industries across Australia, New Zealand, Asia, Europe and North America.
From 2003 to 2015, he served as managing director and CEO of GWA Group Limited, a
leading Australian supplier of building fixtures and fittings to households and
commercial premises. Prior to that, Peter spent 18 years in the cement and
construction materials industry. During this time, he served as a chief executive and
main board director of the Rugby Group plc with responsibility for the Group's cement
and construction materials businesses. Before joining Rugby Group, Peter held senior
executive roles with Holcim in Australia and Southeast Asia. Peter is a director of The
Riverside Coal Transport Company Pty Limited and Barrambin Trading Company Pty
Limited.

Jacqui Coombes – Non-Executive Director

Jacqui is an accomplished leader in the building industry retail sector with a strong
commercial, customer and operational focus. Jacqui’s 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 was also an Executive Director of Bunnings Group from 2017 – 2021 and
Bunnings NZ from 2011 – 2021. Prior to joining Bunnings, Jacqui was General Manager
Operations for Spotlight Stores with overall responsibility for New Zealand, and for
Retail operations in Australia, Singapore and Hong Kong. Her other senior executive
roles have been with a range of large New Zealand and international businesses
including Noel Leeming, Bond and Bond, PixiFoto, Woolworths, Aldi and Texaco. Jacqui
is a non-executive director of ASX-listed Guzman Y Gomez Limited, which operates over
220 restaurants in Australia, Singapore, Japan and the United States.
ENDS

Authorised for release to the market by Haydn Wong, Company Secretary.
_____________________________________________________________________________________________________________
For further information please contact:

INVESTORS Aleida White, Head of Investor Relations +64 21 155 8837 Aleida.White@fbu.com
MEDIA Christian May, Chief Corporate Affairs Officer +64 21 305 398 Christian.May@fbu.com

For information on Fletcher Building visit fletcherbuilding.com