This article is from the Australian Property Journal archive
DUAL-listed construction products manufacturer and home builder Fletcher Building has appointed Thornton Williams as permanent chief executive of its concrete division.
Williams joined Fletcher Building in October of 2011, working across various group functions including treasury, insurance and risk, before moving into the concrete, chief financial officer role in 2021. He was appointed acting CEO of the concrete division late in March.
Before joining Fletcher Building, Williams held senior banking and finance roles in New Zealand and overseas.
Incoming group CEO and managing director, Andrew Reding, said, “Over the past month as I have started to transition into the role of CEO and MD, I have had the opportunity to work closely with Thornton and witness firsthand his thorough understanding of Fletcher Building’s concrete business.
“Thornton brings to the role a deep understanding of the commercial drivers of the concrete business and the competitive landscape. He is therefore well-positioned to lead this high-performing division, not only as Fletcher Building navigates the current challenging trading conditions but also as economic conditions start to improve and opportunities for profitable and sustainable growth emerge.”
Reding formally commences in his role at the end of this month.
Fletcher Building swung to a loss in FY24, as weak results in its materials and distributions divisions dragged down revenue, while the company said it is exploring capital partnership options.
There has been rapid change in its senior positions. Previous CEO Ross Taylor exited after a poor half-year result, while chief financial officer Bevan McKenzie resigned and chairman Bruce Hassell also left, while directors Rob McDonald and Martin Brydon both brought forward their exits from the board.
