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Andrew Reding is the CEO and managing director of Fletcher Building.<\/p>\n
Fletcher Building has overhauled the pay structure for the managing director and group chief executive, slashing the total maximum remuneration by $2 million. <\/p>\n
\n \u201cWith the appointment of Andrew Reding, the board took the opportunity to reset the remuneration package for the managing director and group CEO to have a
\n stronger emphasis on the long-term and be more tightly tied to share price performance,\u201d it said in the FY2025 remuneration report.\n <\/p>\n
Reding was appointed MD and Group CEO effective Sept 30, 2024, following the interim leadership of Nick Traber and the departure of Ross Taylor.<\/p>\n
Just before taking the helm, he revealed plans for a \u201cdeep dive\u201d strategic review of the struggling building giant, with costs to be slashed by $180m. <\/p>\n
Read more at BusinessDesk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"BusinessDesk 5 Sep, 2025 12:51 AMQuick Read Subscribe to listenAccess to Herald Premium articles require a Premium subscription.…\n","protected":false},"author":2,"featured_media":2755,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[674,138,3500,3937,3936,3938,3930,209,3935,3932,1132,111,139,69,3933,2744,3941,3931,3939,3934,3940],"class_list":["post-2754","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-building","tag-business","tag-ceo","tag-chief","tag-director","tag-executive","tag-fletcher","tag-group","tag-managing","tag-maximum","tag-million","tag-new-zealand","tag-newzealand","tag-nz","tag-overhauled","tag-pay","tag-remuneration","tag-slashes","tag-slashing","tag-structure","tag-total"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/2754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=2754"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/2754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/2755"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=2754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=2754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=2754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}