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- Release Date: 10/04/13 13:03
- Summary: OFFICE: FBU: Fletcher Building announces changes to Crane management
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FBU
10/04/2013 11:03
OFFICE
REL: 1103 HRS Fletcher Building Limited
OFFICE: FBU: Fletcher Building announces changes to Crane management
Auckland, 10 April 2013 - Fletcher Building announces organisation changes to
the Crane division.
Since its acquisition two years ago Crane has operated as a standalone
division. As a result of the organisation changes detailed below, Crane is to
be disestablished as a separate division, with consequent changes to the
reporting lines of the Crane business units. These changes have been
undertaken to better align the Crane businesses with other Fletcher Building
group businesses that manufacture and distribute associated products, or
service similar customers and utilise common channels to market.
Iplex Pipelines and Crane Copper Tube will now report through Infrastructure
Products. This change will bring the pipe and tube business units together
into one division to provide a broader solution of products to end customers.
Iplex executive general manager Rob McLeod and Crane Copper Tube executive
general manager Stephen Robertson will both report directly to Infrastructure
Products chief executive Mark Malpass.
Crane's plumbing distribution business, Tradelink, will report to Fletcher
Building's chief executive officer Mark Adamson. Tim Hickey has been
appointed interim executive general manager of Tradelink. Tim has previously
worked as a Senior Executive for Yum Brands of the US and as the CEO of Midas
Australia. Under Tim's leadership, Midas was transformed from a position of
voluntary administration into a profitable franchise operation. All of the
other distribution and manufacturing functions will join Tradelink reporting
into Tim directly.
As a result of these changes, David Worley has decided to leave Fletcher
Building.
"David has been one of our long-standing Chief Executives and has led the
Distribution, Laminex and Crane divisions during his ten year tenure. David
has made a significant contribution to these businesses and I would like to
wish him every success in future endeavours," Fletcher Building chief
executive Mark Adamson said.
For further information contact:
Philip King
General Manager Investor Relations
Phone: + 64 9 525 9043
Mobile: + 64 27 444 0203
End
End CA:00235047 For:FBU Type:OFFICE Time:2013-04-10 11:03:11
