New Zealand construction giant Fletcher Building has announced Jonathan Ling will retire from the position of Chief Executive Officer and Managing Director at the end of September, to be replaced with Mark Adamson.

 

“Jonathan indicated to the board when he was appointed to the chief executive officer position that he intended to serve for about five years, and he feels that having completed six years this is the right time for him to retire,” Fletcher Building’s Chairman Ralph Waters said.

 

Mr Adamson, currently Chief Executive of the company’s Laminates and Panels Division, will assume the role on the 1st of October.  The British national holds an honours degree in finance and has extensive experience in senior financial roles .

 

 

Mr Waters said the board was unanimous in selecting Mark Adamson as the new chief executive officer, and said directors were impressed with what he had achieved in his current role, and the vision he has for Fletcher Building.

 

“Mark Adamson has done an outstanding job at Formica, undertaking difficult restructuring early in his tenure as global president of that business, and more recently successfully growing its earnings in developing markets particularly in Asia. His leadership has enabled Formica to deliver continued operational performance and earnings improvements year after year despite very challenging conditions in many of its markets”, Mr Waters  said.