Fletcher Building commissions Peter Reidy, CEO of Kiwirail, to lead the construction industry

Fletcher Building entrusted Peter Reidy, General Manager of KiwiRail, with the direction of the company's Buildings + Interiors division.

The Auckland company moves Michele Kernahan, chief of construction, to head its construction products unit. As part of the move, Reidy will join in early November. David Thomas, interim director of Fletcher Construction Products, will return to the position of Managing Director of Winston Wallboards.

"We continue to focus on stabilizing our construction division and, in particular, lower risk and more profitable sectors. infrastructure and the road, "said the group's general manager, Ross Taylor, in a statement." Peter has a strong track record of leading infrastructure companies, including in his role currently at KiwiRail and previously as Director of Downer Group's Infrastructure Services in Australia. "

Fletcher restructures its business under Taylor's leadership. equal after taking a number of unprofitable projects in its B + I business. Since this month, Fletcher has restructured into seven divisions, including an autonomous Australian unit that could increase over the next five years to to equal or exceed the size of Fletcher's operations in New Zealand Fletcher also sells its Formica and Roof Tile businesses.

Reidy will complete a four-year term in charge of the public company and work in this collaboration with the new administration on the best way to finance society in an environment where rail has been included in the national ground transportation plan for the first time and is considered an integral part of a national strategy [19659002] KiwiRail's board of directors announced that it had immediately started looking for a new CEO

at $ 7.01 and soared 27% from a low at the start of the year. # 39; in April.

– BusinessDesk