confidential intelligence report building & construction...

Confidential Intelligence Report Building & Construction Materials Sector – May 2015

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CONTENTS

Aalborg Portland Australia Pty Ltd ....................................................................................................................................................................... 4

Adelaide Brighton Ltd ........................................................................................................................................................................................... 9

Bechtel Australia Pty Ltd ...................................................................................................................................................................................... 14

BGC (Australia) Pty Ltd ......................................................................................................................................................................................... 31

Brickworks Ltd ....................................................................................................................................................................................................... 39

CIMIC Group Ltd .................................................................................................................................................................................................... 47

CSR Ltd ................................................................................................................................................................................................................... 70

Fletcher Building Ltd ............................................................................................................................................................................................. 85

Hanson Australia (Holdings) Pty Ltd ..................................................................................................................................................................... 102

Holcim Australia Pty Ltd ........................................................................................................................................................................................ 108

Lend Lease Corporation Ltd .................................................................................................................................................................................. 120

Others Companies in Sector for Further Consideration

BlueScope Steel Ltd

Boral Ltd

Downer EDI Ltd

Fluor Corporation

James Hardie Industries Plc

Laing O’Rourke Australia Construction Pty Ltd

Orica Ltd

Sims Metal Management Ltd

WorleyParsons Ltd

The Blenheim Report | No Limitations 4

BECHTEL AUSTRALIA PTY LTD

Parent company: Bechtel Group, Inc.| Employees: ~53,000 globally | Operations: Australia | Head office: Brisbane, QLD Bechtel Australia Pty Ltd is a division of Bechtel Group, Inc., a San Francisco based global engineering, project management and construction company established in 1898. Bechtel Corporation now operates in 160 countries. Bechtel’s Market Expertise covers: Infrastructure – airports, bridges, highways, hydroelectric power, ports, rail, sports venues, urban development; Power – nuclear, renewables, thermal, transmission; Defense & Nuclear Security – chemical weapons disassembly and destruction, critical infrastructure, facilities operations and management, supply chain management, US naval programs; Tanks; Environmental Cleanup & Management – cleanup & remediation, decontamination & decommissioning, waste processing & disposal; Telecommunications; Mining & Metals (M&M); Water; and Oil, Gas & Chemicals – LNG, offshore/onshore oil & gas, petrochemicals, pipelines. In Australia, Bechtel has been providing project management, engineering and construction expertise since the 1950s. Projects, from intricate engineering to complex project management, have often been Australian or industry firsts, undertaken in remote locations and under challenging conditions, and include mines, mineral processing facilities, LNG installations, refineries, chemical plants, power stations and telecommunications infrastructure. *October 2014: Bechtel reorganised its business units aimed at strengthening Global Capabilities. It created a new Infrastructure Global Business Unit (GBU), which combined its civil and most of its power Business Units. The Infrastructure GBU is amongst the company’s largest, operating through seven business lines: Civil – Americas; Civil – EAM; Civil – Asia Pacific; Water; Power; Aviation; and Rail. It also created another new unit, Nuclear, Security & Environmental (NS&E), which combined the government and commercial nuclear businesses. NS&E operates through four global business lines: Nuclear Security & Operations; Nuclear Power; Defense & Security; and Environmental. Global Business Units

Infrastructure

Nuclear, Security & Environmental

Mining & Metals

Oil, Gas & Chemicals Services

Financing & Equity Investment (Bechtel Enterprise): developing, structuring & financing projects; providing credit support; advising on practical risk allocation.

Construction: managing the bid process & negotiating contracts; overseeing management including field procurement, as well as receipt, inspection, and warehousing, materials, and issuing to contractors; performing construction & field administration; commissioning & maintenance operations.

Master Planning: master plans; national development planning; terminal & level-of-service analyses; port & marine studies; passenger studies; industrial analyses & free trade zone planning; economic plans & studies; special events planning; technical studies; market analyses; community planning; airspace & aircraft circulation studies; traffic analyses & projections; organisation development; computer simulation, modelling & virtual reality.

Start-up & Operations: plant operability reviews; test-program development; facility start-up & commissioning; procedure development; operations & maintenance training;


turnkey commissioning; facility operations; facility outage support; facility inspections; process safety management. Includes Curtis Island LNG projects, Australia.

Engineering: relying on advanced technology to speed schedules, lower costs, ensure quality; offers technology licensing and process consulting services to the oil & gas industry; Bechtel Fellows, chosen for their technical achievement, advise senior management, help disseminate new technical ideas and findings throughout the Company.

Sustainability Solutions: innovative engineering & design; master planning; local capacity development (including Queensland); sustainable procurement & construction; facilities operation & management; renewable energy; risk management; site management; performance standards alignment.

Procurement: contracts management (formation & administration); expediting; global market watch; import-export & regulatory compliance; inventory & warehouse management; materials management; property management; purchasing; supplier diversity; supplier quality & shop inspections; traffic & logistics; travel management. Includes Curtis Island LNG projects, Australia.

Technology Licensing & Consulting: nuclear power; oil, gas & chemicals. Current Australian Projects

Caval Ridge Mine Project, QLD (US$3.5bn)

Curtis Island LNG, QLD (US$11bn)

Hay Point Expansion Stage 3, QLD (US$2.45bn)

Wheatstone LNG, WA

Recently completed projects include Daunia Coal Mine, QLD (US$1.4bn); Kooragang Expansion Projects, NSW (US$1.6bn) Source: http://www.bechtel.com/about-us/ http://www.bechtel.com/newsroom/releases/2014/10/reorganizes-strengthen-company-global-capabilities/ http://www.bechtel.com/getmedia/0585eaa9-c33d-4bf5-acde-e5820f91b763/2014-bechtel-annual-report/?ext=.pdf

2014 ANNUAL REPORT – BECHTEL GROUP, INC.

Comments Global: Revenue US$39.4bn in 2013, up from US$37.9bn in 2012; new work booked during 2013 US$34bn vs US$25bn in 2012. Australia:

Remains a strong and important market. The greatest concentration of work is in northeast Australia.

In 2013, Bechtel finished expanding one of the world’s largest coal-handling operations at Kooragang Island in NSW, and 3 additional major mining projects in Australia. These projects were part of an unprecedented program by BHP Billiton to plan and deliver simultaneously 7 projects and 6 studies.

Also during 2013, Bechtel continued construction on an LNG and domestic natural gas megaproject in WA.

Bechtel’s 3 LNG projects on Curtis Island have delivered accredited training to more than 11,000 local workers, preparing them for opportunities after completion of the project. Among those trainees are 400 adult apprentices. The Queensland Department of Education, Training and Employment awarded Bechtel its 2013 Employer of the Year Award for excellence in vocational education and training.

GBUs operating in Australia: Oil, Gas & Chemicals – Curtis Island (construction of tanks – LNG), Wheatstone (EPC & commissioning of downstream scope – LNG); Mining & Metals – Caval Ridge (EPC management services – coal), Broadmeadow (sustaining operations – coal), Daunia (building – coal), Groote Eylandt (expanding work – manganese), Kooragang Island (expansion – coal).

http://www.bechtel.com/about-us/

http://www.bechtel.com/newsroom/releases/2014/10/reorganizes-strengthen-company-global-capabilities/

http://www.bechtel.com/getmedia/0585eaa9-c33d-4bf5-acde-e5820f91b763/2014-bechtel-annual-report/?ext=.pdf


GLOBAL LEADERSHIP

Name Title Background Location Comments Riley Bechtel

Chairman (Jan1996-Present)

Riley is Chairman and a Director of Bechtel Group, Inc. He joined the company in 1966, working summers in various field construction and other jobs while attending school. After university he joined the law firm of Thelen, Marrin, Johnson & Bridges, where he worked on matters for Bechtel and other clients. Rejoining Bechtel in 1981, he became Contract Coordinator and then Piping Superintendent at the Belle River Power Plant in Michigan. Two years later, he served as Area Superintendent at the Badak LNG Plant in Indonesia. During 1984, he worked as General Field Superintendent on the New Zealand Gas-to-Gasoline project. In early 1985 he moved to London, where he served as a business development representative, pursuing projects in the Middle East, Northern Ireland and Africa. He became Assistant Manager of Operations for the London Division in late 1985 and Division Technical Manager in early 1986. Later that year he was appointed MD of Bechtel Ltd. He became a Director of Bechtel Group in August 1987 and VP three months later. In March 1989, he was elected President & COO of Bechtel Group, Inc. He became President & CEO in June 1990 and Chairman & CEO in January 1996. In February 2014, he stepped down as CEO and continues to serve as Chairman. Riley is a Director of Fremont Investors, Inc. and a member of Fremont Group’s Board of Advisors. He is a member of the Conservation Fund’s Corporate Council, Indian School of Business Governing Board, National Petroleum Council, Ocean Exploration Trust Board of Directors, Stanford Graduate School of Business Advisory Council, Theranos, Inc. Board of Directors, UC Davis Board of Visitors, and The Thacher School Board of Trustees. He is a graduate member of The Business Council.

San Francisco, USA


Education – JD & MBA, Stanford University’s School of Law & Graduate School of Business, USA; Bachelor’s, PolSc&Psych, University of California, Davis, USA; Fellow, American Academy of Arts & Sciences; Hon. Fellow, American Society of Civil Engineers; Hon. Lifetime Member, American Society of Safety Engineers; Associate Member, American Society of Corporate Executives

Bill Dudley

Chief Executive Officer (Feb2014-Present)

Bill was elected CEO in February 2014. He is a member of the company’s Board of Directors and Chairman of the Operating Committee. Since joining Bechtel in 1981 he has served in a variety of engineering, project management, and executive management positions globally. He became President of the Oil, Gas & Chemicals business unit in 2001, assumed sponsorship of the Mining & Metals business unit’s Latin America and Oceania regions in 2003 and added sponsorship of Asia in 2004. Prior to these assignments, Bill was located in London, where he served as President of Bechtel’s Europe, Africa, Middle East, Southwest Asia organisation, responsible for all Bechtel business lines in the region. He was previously Bechtel’s GM for Southeast Asia, Country Manager for Thailand, and GM of Bechtel’s pipeline business in Asia. In 2008, he became Bechtel’s President & COO, overseeing all of the company’s business units: Oil, Gas & Chemicals, Power, Civil, Mining & Metals, and Government Services. He currently serves on the board of the U.S.–China Business Council and the Engineering Advisory Council at Purdue. He is a member of the Business Roundtable. Education – MBA, University of Houston, USA; BSc(CivilEng), Purdue University, USA

San Francisco, USA


Brendan Bechtel

President & Chief Operating Officer (2014-Present)

Brendan was appointed President & COO in 2014, and is responsible for the management and oversight of Bechtel’s global operations. He is also a member of the Board. Previously he was President of the Oil, Gas & Chemicals business unit. Earlier he was GM of the OG&C LNG business line and Senior Project Manager for the Queensland Curtis LNG project, the first of Bechtel’s four LNG megaprojects in Australia. Together the projects represent more than US$25bn in simultaneous engineering, procurement and construction work. Brendan first began working for the company during summer breaks in high school. After joining the company full-time, he took on roles of increasing responsibility, including assignments around the world in field construction, project management and executive leadership. Education – Master’s, Bus,ConstructionEng&Mgmt, Stanford University, USA; BA(Geog), Middlebury College Vermont, USA

San Francisco, USA

Peter Dawson

Chief Financial Officer (Jan2015-Present)

Peter became Head of Corporate Services & CFO in January 2015. He is responsible for leading the Finance organisation, which includes the Controller, Treasury and Tax functions. He also serves as executive sponsor of Bechtel Enterprises (Bechtel’s project financing and development arm), Corporate Affairs, BBS, IS&T and Security. Previously, Peter was President of Bechtel’s Civil Infrastructure business, responsible for a worldwide portfolio of rail, infrastructure and aviation projects. From 2002 to 2012, he served as CFO of Bechtel Group, became a Senior VP in 2002, and was elected to the Board of Directors in 2003. Peter joined Bechtel in 1978 in London, advancing through a wide range of commercial and financial leadership roles with both corporate and operational responsibilities. From 1990 to 1998, he was based at corporate HQ in San Francisco, where he formed and ran the corporate Strategic Marketing & Analysis group, reporting to the President and COO.

San Francisco, USA


In 1998, Peter went on to serve in various management capacities in London for the Europe, Africa, Middle East, Southwest Asia regional organisation. In 2000, he became GM of the region’s telecommunications and industrial businesses. Prior to becoming CFO in September 2002, Peter served in Frederick, Maryland, as a Senior VP of Bechtel Corporation and Executive VP of the Telecommunications & Industrial global business unit. In that position he managed the unit’s operations in Asia and Bechtel’s Europe, Africa, Middle East, Southwest Asia region. He also oversaw strategy development for the business and its technology operations. Education – MA & BA (NaturalSc), St. Catharine’s College, Cambridge University, UK

Michael Bailey

General Counsel (2010-Present)

Michael’s responsibilities include the legal, ethics and compliance, internal audit, and risk management functions. He is based in San Francisco, California, and Reston, Virginia, Bechtel’s corporate and operational headquarters, respectively. From 2005 to 2010 he was MD of Bechtel’s global Civil business based in London. His responsibilities included managing the global Aviation business line as well as a number of services and functions. From 1998 through 2005, Bailey served Bechtel Enterprises (Bechtel’s finance, development and investment arm) as General Counsel, MD for HR, and Manager of its direct investments and technology ventures portfolios. During 2004 and 2005 he was Executive VP and General Counsel of InterGen, a global energy business then owned by Bechtel Enterprises and the Royal Dutch Shell group. Prior to 1998 he was a Senior Counsel in the Legal Department and spent a year as Executive Assistant to the Chairman and CEO as well as its President and COO. He was elected a Senior VP in 2001 and to the Board in 2010.

San Francisco, USA


Michael was a partner in the law firm of Borden Ladner Gervais, LLP before joining Bechtel in 1994. He serves on the Board of Transparency International USA and the San Francisco-Marin Food Bank. Education – LLB, University of Toronto, Canada

Mike Adams

Head of Strategic Initiatives (Jan2015-Present)

Mike was appointed to lead strategic initiatives, commencing in the role in January 2015. Prior to this he was CFO of Bechtel Group from 2012 through 2014, responsible for leading the Finance organisation, which includes the Controller, Treasury and Tax functions. Before he was CFO, from 2003 to 2012, Mike was President of Bechtel’s global Civil business, responsible for rail, infrastructure and aviation projects, including: Dulles Corridor Metrorail extension in the Washington, DC area; Khalifa Port and Industrial Zone in Abu Dhabi; Hamad International Airport in Qatar; Crossrail in London; Jubail Industrial City in Saudi Arabia; and the Croatia, Kosovo, Albania and Romania Motorways. Mike joined Bechtel in 1989, starting in Bechtel Enterprises. He was Principal Project Liaison for the financial restructuring efforts on the landmark Channel Tunnel project. From 1993 to 1999, Adams served in Asia, where he was Bechtel’s Senior Regional Representative for Singapore, Malaysia, Vietnam and Brunei as well as Head of Asia Pacific for Bechtel Enterprises. In 2000, he became Manager of the rail business for Bechtel’s Europe, Africa, Middle East, Southwest Asia region and helped significantly expand the company’s rail business in the UK. In 2003, he became President of Bechtel Civil. Adams was elected a Senior VP in 2001 and elected to the Board in 2008. Education – MBA, Wharton School of the University of Pennsylvania, USA; Bachelor’s, Eng&French, Dartmouth College, USA

USA


Barbara Rusinko

Manager, Engineering, Procurement & Construction Functions (2015-Present)

Barbara was assigned as the Manager of Corporate EPC Functions in early 2015. She has held a variety of management, leadership and operations roles in corporate offices and on projects in her 30-year career at Bechtel. She spent the first five years of her career in the construction field engineering organisation supporting a variety of nuclear power projects. In 1989, she moved into design engineering where she held several engineering supervisory and management roles. In 2000, Barbara assumed the role of Chief Engineer for Bechtel Systems & Infrastructure, Bechtel’s government services company. In this role, she managed the performance of more than 700 mechanical, process, nuclear, plant design and systems engineers and designers. Barbara has held senior engineering management roles on complex technical projects including the national nuclear waste repository, Yucca Mountain and the Waste Treatment Plant in Hanford (USA), a US$12.2bn design, build and commissioning project of a first of a kind vitrification plant to treat radioactive and chemical waste. She has held senior project manager positions within the oil and gas business unit including a refinery project in Map Ta Phut, Thailand and a coal seam gas to liquid natural gas plant in Queensland. As Project Manager, she was responsible for the engineering, procurement and construction execution for these projects. Barbara is a registered professional engineer and Six Sigma champion and serves on the corporate partnership council of the Society of Women Engineers (USA). Education – MSc(Eng), University of Alabama – Huntsville, USA; BSc(MechEng), University of South Carolina, USA

San Francisco, USA

Replaced John MacDonald.


Toby Seay

President, Infrastructure (Jan2015-Present)

Toby commenced as President of Bechtel’s new Infrastructure business unit in January 2015, and is responsible for a worldwide portfolio of rail, civil infrastructure, power and aviation projects. He was elected Senior VP in 2010 and Principal VP in 2008. In his previous role, Toby served as President of Bechtel’s Power business unit. Before that he served as President of Bechtel’s Communications, Renewables & Transmission business line. In these roles, he was responsible for strategic direction, overall customer satisfaction, product quality and profitability. Toby has also served as Manager of Global Strategy and the Marketing & Business Development function for the Power business unit. During his tenure, Bechtel expanded its portfolio to include the Transmission business line and added focus on the growing renewable energy industry in such markets as solar and offshore power. Before joining Bechtel in 2006, he was VP of National Network Operations for AT&T Wireless, responsible for deploying the multibillion-dollar GSM (Global System for Mobile Communications) construction program.

London, UK

Craig Albert

President, Nuclear, Security & Environmental (Jan2015-Present)

Craig took up the role of President of Bechtel Nuclear, Security & Environmental in January 2015. He was elected a Senior VP of Bechtel Group in 2009 and a Director in 2013. Craig has more than 28 years of engineering, construction, business development and executive leadership experience. As President of Bechtel NS&E, Albert directs a business unit with more than US$8bn in average annual revenues and a diverse portfolio ranging from design, engineering, construction and operations of several complex first-of-a-kind projects critical to environmental protection and national security, to nuclear energy and the management and operation of US national laboratories. Prior to his leadership role in NS&E, Albert served as Operations Manager of Bechtel’s Nuclear Power business line, responsible for the company’s work on nuclear new generation projects. Previously, he served

San Francisco, USA


as Project Manager of the Queensland Curtis LNG project in Australia for Bechtel’s Oil, Gas & Chemical BU, Project Manager for the Elm Road Generating Station project in Wisconsin, USA, and Project Manager at the US$12.2bn Waste Treatment Plant project at the US Department of Energy’s Hanford site in Washington state. Albert joined Bechtel in 1998 in a senior business development position focused on defence and environmental programs. He began his career with Westinghouse Electric Corporation as a Design Engineer and Project Engineer. He was later appointed Manager of Business Development for Westinghouse’s government business. Education – Master’s, IndustrialEng, University of Pittsburgh, USA; BSc(MechEng), University of North Carolina Charlotte, USA; AMP, Duke University, USA

Shaun Kenny

President, Mining & Metals and Managing Director, Bechtel Australia Pty Ltd (Sep2013-Present)

Shaun was appointed President of Bechtel’s Mining & Metals global business unit, as well as MD of Bechtel Australia in September 2013. Kenny joined Bechtel in 1997 as a Senior Construction Engineer for the Channel Tunnel Rail Link in the UK. During the past 16 years, he has held positions in project management, Six Sigma, marketing and business development, and operations. His experience as a project manager includes undertakings within the UK, Australia and Latin America. He was Project Manager for the US$2.45bn expansion of the Hay Point Coal Terminal in Queensland before his most recent role as GM for the M&M Asia Pacific region. Kenny was involved in the BHP Billiton Brisbane Hub and Olympic Dam projects as Marketing & Business Development Manager. He went on to lead the global strategy and marketing team. Before joining Bechtel, Kenny worked as an Engineer for the Balfour Beatty Group of Companies in the UK including work on the Heathrow Express Rail Link in the late 1990s. Education – BE(Civil), Liverpool Polytechnic, UK; CCE, UK & Australia

Brisbane


John “Jack” Futcher

President, Oil, Gas & Chemicals (2010-Present)

Jack was appointed President of Bechtel’s Oil, Gas & Chemicals business, headquartered in Houston, in 2010. During his 34-year Bechtel career, Jack has served in numerous management and leadership roles and has significant operational experience. Previously he served for three years as President of the Power business, which included executive sponsorship of Bechtel’s Frederick, Maryland, office complex as well as offices in New Delhi and Cairo. Jack was elected a Senior VP in 1999 and named to the Board in 2010. Earlier Jack was responsible for the Oil, Gas & Chemicals downstream business line. In early 2003, he became the Project Director for multibillion-dollar LNG projects in Egypt. He later served as Operations Manager for Oil, Gas & Chemicals in Bechtel’s London office. He also led Bechtel’s global Procurement & Contracts organisation for six years, during which time the company purchased more than US$30bn of equipment and materials. Jack is a member of the Bechtel Board of Directors, Operating Committee, Finance Committee and Strategy Committee. Jack also served on the Board of the Nuclear Energy Institute and was Chairman of the Board for the United States Energy Association from 2008 through 2013. Education – BSc(Fin), Lehigh University Pennsylvania, USA

Houston, USA

Andy Greig

Manager of Human Resources, Senior Vice President (Sep2013-Present)

Andy heads Bechtel’s HR function, a position to which he was appointed in 2013. He joined Bechtel in 1981, working in industrial relations and safety management on projects in Australia and New Zealand. He went on to serve in positions of increasing responsibility from project management to marketing and business development. Andy served as Executive Assistant to Bechtel’s CEO and COO and was designated Bechtel’s first Corporate Manager of Six Sigma when the company launched the effort in 2000. From 2001 to 2006 he served as President of the Mining & Metals global business unit. He then moved to Bechtel’s Oil, Gas & Chemicals business for two years to lead the Brass LNG project in Nigeria as Project Director. He resumed his role as President of

USA


Mining & Metal, as well as MD of Bechtel Australia and Head of Bechtel’s business throughout Oceania, in 2007. Andy was elected a Principal VP in 1997 and a Senior VP in 2001. He was named to Bechtel’s Board of Directors in 2011. Education – GradDip(Bus), Monash University

OTHER KEY PERSONNEL – BECHTEL AUSTRALIA

Name Title Background Location Comments Shaun Kenny President, Mining &

Metals and Managing Director, Bechtel Australia (Sep2013-Present)

See above. Brisbane

Leigh Carter Chief Financial Officer, Mining & Metals Global Business Unit (Jun2013-Present)

Leigh was appointed CFO of the Mining & Metals business unit in June 2013, having previously been Commercial Manager since January 2011.

Brisbane

Stephen Canning

Global Manager, Prime Contracts, Joint Ventures & Claims, Mining & Metals Global Business Unit (Aug2014-Present)

Stephen was appointed to his current role in August 2014, having previously been Regional Contracts Manager for Europe, Asia, Middle East & Asia Pacific for M&M. Before that he was Contracts Manager. Prior to joining Bechtel in 2012, he was Laing O’Rourke’s Regional Commercial Manager responsible for coal seam gas related projects in central Queensland. Before moving to Australia to take up this role in 2011, he was with the UK’s Nuclear Decommissioning Authority, most recently as Commercial Manager and before was Head of Performance Management. Previously he was again with Bechtel as Commercial Manager/Projects Control Manager for the Channel Tunnel Rail Link Project, and earlier held a number of Quantity Surveyor roles. Education – BSc(Hons)(QuantSurv), University of Northumbria at Newcastle, UK

Brisbane


Maxine Holmes

Global Infrastructure Manager (Apr2008-Present)

Maxine was appointed Global Infrastructure Manager in April 2008. She was previously Regional Facilities Manager from October 2005, and earlier was Office Services Supervisor for the M&M Business Unit.

Brisbane

Sharon Aldenton

Global Human Resources Manager, Mining & Metals Global Business Unit (Oct2013-Present)

Sharon was appointed Global HR Manager for the Mining & Metals Global BU in October 2013. She is responsible for the HR function including talent acquisition and development, compensation, learning and development, employee relations and compliance for deployed HR teams in Brisbane, Montreal, Santiago and global project sites. Previously, she was HR Performance & Strategy Manager where she led Bechtel’s Great Place to Work survey analysis, dissemination and development of strategies to respond to survey feedback for the Global M&M BU. Other earlier roles with Bechtel have included HR Manager working across all of Brisbane’s BHP Billiton Hub Projects, HR Manager Asia Pacific for M&M, and Rewards & Development Manager for M&M. Education – MBus(HRMgmt) & BBus(HRMgmt), Queensland University of Technology

Brisbane

Jason Bathe Global Manager, Staffing & Recruitment (Mar2008-Present)

Jason was appointed Global Manager of Staffing & Recruitment in March 2008. He is responsible for recruitment strategy development and deployment, process re-engineering and optimisation, recruitment technology deployment and optimisation, and employment brand development and management. Before joining Bechtel, Jason was Head of Recruitment & Resourcing at Ausenco, charged with development of recruitment strategies and processes aligned to the company’s broader HR and business strategies to support domestic and international operations.

Brisbane


Previously he undertook a number of contract roles, including Recruitment Strategy & Workforce Planning Specialist at BT Financial Group, Consultant/Project Manager at ADI, and Business Development Manager at Alexander Mann Solutions. He has also held roles with Tanner Menzies and Morgan and Banks/TMP Worldwide. Education – BCom, Griffith University

Marc Hood Global Manager, Project Controls, Mining & Metals Global Business Unit (Dec2012-Present)

Marc was appointed to his current role in December 2012, and is responsible for cost, estimating and planning resources, quality, execution and performance. He was previously Project Services Manager for almost four years. Education – BS(CivilEng), Texas A&M University, USA

Brisbane

Tracy Cumming Human Resources Manager, EAM/AP, Mining & Metals Global Business Unit (Feb2014-Present)

Tracy was appointed Bechtel’s Mining & Metals Business Unit HR Manager for Europe, Asia, Middle East & Asia Pacific in February 2014. Previously, she was HR Compensation Manager for six years. Education – BCom(HR&IR), Griffith University

Brisbane

Mathew Ovenden

External Affairs Manager, Bechtel Oil, Gas & Chemicals (Feb2015-Present)

Mathew was appointed External Affairs Manager for Bechtel Oil, Gas & Chemicals in February 2015, having joined Bechtel as Media & Communications Manager in November 2011. In this role, he was responsible for media management across multiple LNG construction projects. He led the development and implementation of strategies to engage employees, integrate the workforce into communities and provide processes for effective internal and external communication. He also led the community engagement, community development, brand management and marketing functions. Previously he was with Rowland, a communications consultancy, where he led communications strategy, business development, community engagement, reputation management and media relations. Prior to that he was Manager of Community Relations across operating industries for Rio

Gladstone


Tinto. Before joining Rio Tinto, he held various journalism roles, most recently Editor at APN News & Media’s The Observer at Gladstone. Education – GradCert(Community Relations) & BA(Journalism), University of Queensland

Timothy Rigby

Risk Manager, Mining & Metals Global Business Unit (Jan2007-Present)

Tim was appointed Risk Manager for the Mining & Metals GBU in 2007, based in the US, and relocated to Brisbane in the role in 2009. As a member of the M&M senior executive team, he is responsible for the risk management and risk financing of all mining and metals projects, as well as the risk management and insurance programs related to the operating businesses in Canada, Chile and Australia. Previously, he was Project Risk Manager, providing risk management to worldwide Power and Telecoms projects. Earlier roles with Bechtel have included Project Controls & Estimating Manager, Project Development Manager, Business Development Manager, Engineering Manager, Principal Engineer of Process Control & Instrumentation and Study Manager. He has been based in both the US and in Australia. He previously held roles with Minenco Pty Ltd, Industrial Control Technology and the State Electricity Commission of Victoria. Education – BE, University of Melbourne; CPE

Melbourne

Mark Le Pla

Regional Business Development Manager, Asia Pacific, Mining & Metals Global Business Unit (May2015-Present)

Mark was appointed Regional BD Manager for the Bechtel Mining & Metals business group in Asia Pacific in May 2015. Previously he was GM East for Lycopodium Minerals (Group), responsible for the continuous development of the Brisbane based operation. Before that he was Director of Engineering Solutions at Parsons Brinckerhoff. He held numerous roles while with Parsons Brinckerhoff including GM Infrastructure Engineering, GM Engineering and Director of Operations. He earlier held roles with Egis Australia and CMPS&F Pty Ltd. Education – Eng,Elect&Comms, Queensland University of Technology

Brisbane


Jed Knick Regional Manager of Construction, Mining & Metals Global Business Unit (Feb2013-Present)

Jed commenced his current role in February 2013, and is responsible for ensuring M&M regional construction teams are compliant with corporate processes and procedures. This includes performing functional reviews and audits, providing technical oversight to all regional projects, construction staffing, salary review, annual reviews, and bonus management plans. Immediately prior he was the M&M Chief Construction Engineer for eight months, and before that Deputy Site Construction Manager/Project Field Engineer. He joined Bechtel Corporation as a Mechanical Field Engineer in the US in 2000 and since then has held roles in Iceland and Suriname before moving to Australia to the M&M GBU in 2009. Education – MBA, Augusta State University, USA; BSc(MechEng), Georgia Institute of Technology, USA

Brisbane

Michael Brecher Commercial Manager, Procurement Joint Execution Team, Supply Chain Management (Nov2014-Present)

Michael commenced his current role in November 2014, and his responsibilities include the Procurement and Expediting Team, Traffic and Logistics Subcontracts, and Project Closeout Teams supporting three Curtis Island LNG projects. Prior to that he was Project Procurement and Expediting Manager attached to the PJET for Oil, Gas & Chemicals. He joined Bechtel from Atlantic, Gulf & Pacific Company Inc where he was Consultant Supply Chain Management & Major Projects Infrastructure, working on a contract assignment in the Philippines. Before that he was a Consultant for ConocoPhillips Alaskan operations. Previous roles have included Project Materials Specialist Dhahran at Saudi Aramco, Project Procurement & Supply Chain Lead at BP (Colorado & Texas), Department Head Procurement & Logistics at Amkor Technology Philippines, Master Production Analyst at Motorola Semiconductor Products, and earlier Contract Specialist Supplier Management Operations with Applied Materials. Education – BBA, Texas Tech University, USA; Certified Purchasing Manager; Certified Supply Chain Professional

Gladstone


Ed Szymanski

Manager of Engineering, Asia Pacific Region (Jul2012-Present)

Ed was appointed Asia Pacific Manager of Engineering for Bechtel Corporation in July 2012. Prior to that he was Manager Strategy. He came to Australia with Bechtel after just over six years with Bechtel Chile as a Project Engineering Manager, where he was responsible for all engineering, both performed in-house and by third party contractors for copper projects. These included design process plant and related onsite and offsite infrastructure. Previously he held engineering roles with Aker Kvaerner, Fluor Australia, PT. Kaltim Prima Coal and Hamersley Iron. Education – GradDip(MaintMgmt), Monash University; MechEng, University of Tasmania

Brisbane

Douglas Mackay

Strategy & Marketing Manager, Asia Pacific, Mining & Metals Global Business Unit (Jan2013-Present)

Douglas was appointed to his current role in January 2013. Previously he was Engineering Manager of the Hay Point Expansion Project. Earlier roles with the M&M business unit included Onshore Project Engineer for Hay Point Expansion Project, Mechanical Engineering Group Supervisor Worsley Efficiency & Growth Project, and initially Deputy Mechanical Engineering Group Supervisor at the Reliance Refinery Project in the UK. Before joining Bechtel M&M in 2006 he spent five years as Senior Mechanical Engineer and Project Engineer with SBM Schiedam, working in The Netherlands, Singapore and Monaco, and before that Graduate Mechanical Engineer with Dril-Quip in the UK.

Perth


FLETCHER BUILDING LTD (ASX/NZX:FBU)

Market cap: AU$5.52b (May2015) | Employees: ~18,750 | Operations: 40 countries | Head office: Auckland, NZ Fletcher Building Ltd was listed on the New Zealand, Australian and New York (delisted 2002) Stock Exchanges in 2001 upon separating from Fletcher Challenge Ltd. It now operates in more than 40 countries, manufacturing and distributing building and construction materials. Since its incorporation in December 2000, Fletcher Building has undertaken a number of significant acquisitions, including: Laminex (2002), Tasman Building Products (2003), Amatek Holdings (including Rocla, Stramit & Insulation Solutions, 2005), Formica (2007), Australia Construction Products (2010), and Crane Group (2011); as well as divestments, including: the Australian construction assets to John Holland Group (2002), and the co-generation power project assets in Australia to Energy Impact Pty Ltd (subsidiary of Energex, 2002). In 2014, Fletcher Building entered into a conditional agreement to sell the downstream long-products rolling and marketing operations of its Pacific Steel business to BlueScope. History Fletcher Building has its origins in Dunedin, New Zealand in 1909 with the construction of a timber weatherboard house by James Fletcher, who went on to establish Fletcher Holdings Ltd. The Company built many of NZ’s public and private buildings including railway stations, universities, hospitals, banks and office blocks, as well as expanding into building materials, pulp and paper, and steel. Then known as Fletcher Challenge Ltd, it expanded into the energy sector with interests in Canada and Asia. In 1999 the Group was split into separate companies, and subsequently the Paper Division was divested (to Norske Skogindustrier), the Building Division was separated as a stand-alone publicly listed entity Fletcher Building, the Forests Division was established as a stand-alone publicly listed entity Fletcher Challenge Forests, and the Energy Division was sold (to Shell Oil and Apache Corporation). Products/Divisions

Heavy Building Products: NZ Concrete Products (Firth Concrete, Humes Pipelines); NZ Cement & Quarry Products (Golden Bay Cement, Winstone Aggregates); Australian Concrete Products (Rocla Pipelines); Australian Quarry Products (Rocla Quarries); Plastic Pipes (Iplex (NZ & Australia); Steel & Other (Crane Copper Tube (Australia)).

Light Building Products: NZ Building Materials (Dimond, Fletcher Aluminium, Tasman Insulation, Winstone Wallboards); Australian Building Materials (Fletcher Insulation, Tasman Sinkware, Stramit); Roofing (Gerard Roofing Systems (NZ/Asia/Europe)); DECRA Roofing Systems (USA)).

Laminates & Panels: (Laminex, Formica).

Distribution New Zealand: Building Supplies (PlaceMakers, Mico Plumbing, Forman Distribution); Steel Distribution (Easysteel, Fletcher Reinforcing, Pacific Coilcoaters).

Distribution Australia: Tradelink.

Construction: Construction (Building + Interiors, Infrastructure, Earthquake Recovery, South Pacific, Forman Contracting); Housing (Fletcher Living). Strategy Deliver top-quartile shareholder value creation through driving core operational levers:

Capital Management: Invest capex only where value is clear; drive efficiencies in working capital; exit underperforming businesses; return excess cash to shareholders.

Profit Margin: Drive cost-out through scale & operational efficiencies; shape portfolio in favour of higher margin activities.

Revenue Growth: Focus growth initiatives in areas of competitive advantage; drive growth through sales & marketing excellence.


In 2013, Fletcher Building launched its FBUnite multi-year business transformation project. The 2014 Annual Report revealed expected total benefits are in the realm of NZ$100m per annum – in FY14 NZ$25m of benefits were achieved, but this was partly offset by increased operating costs of NZ$10m and capex of NZ$12m. The first half FY2015 presentation revealed all business transformations have been fully integrated into the FBU business model: Central Functions include finance, HR, legal, ICT, procurement and property; Centres of Excellence include manufacturing, supply chain, sales & marketing, strategy and health & safety. Source: http://www.fletcherbuilding.com/about-us/ http://www.fletcherbuilding.com/media/40954/Fletcher-Building-Half-Year-Results-Presentation-18-Feb-15-webcast.pdf

HALF YEAR ENDED 31 DECEMBER 2014 RESULTS

NZ$m 1H2015 1H2014 Change Comments Revenue

4,327 4,273 1% Net earnings result included significant items of NZ$66m relating to impairment of goodwill and site closure costs. Net earnings before significant items were 11% higher at NZ$171m.

Operating earnings excluding significant items were NZ$290m, up 3%.

Adjusting for the sale of businesses announced in the prior year, underlying revenue was up NZ$108m or 3%.

Cash flow from operations before net working capital movements was NZ$282m, up from NZ$267m. This was offset by the cash impacts of further residential land acquisitions and the one-off purchase of the group’s head office campus in Auckland. As a result, cash flow from operating activities of NZ$146 million was NZ$33m lower than prior corresponding period.

CEO Mark Adamson said the trading result was driven by strong activity levels in NZ.

“Our New Zealand businesses have continued to perform well and we’ve enjoyed strong demand for our products driven by the buoyant construction market. New Zealand operating earnings were up 20 per cent in the first half. The forward order book for our construction business now stands at NZ$2bn, reflecting very strong future commitments in both the commercial and infrastructure sectors.

“Other markets have been more mixed for us. In Australia, the residential market had another strong half, and this benefitted a number of our businesses, particularly Laminex. The downturn in mining investment and reduced government expenditure on infrastructure projects, however, continued to have a negative impact on our results.

“Further afield, we had continued growth in earnings from our Formica business in North America, but increased competition in China offset stronger markets elsewhere in Asia, while Europe continued to be challenging”.

EBIT

224 281 (20%)

Net earnings

114 154 (26%)

EPS (cents)

16.6 22.4 (26%)

Dividend (cents)

18.0 18.0 -

http://www.fletcherbuilding.com/about-us/

http://www.fletcherbuilding.com/media/40954/Fletcher-Building-Half-Year-Results-Presentation-18-Feb-15-webcast.pdf


EXECUTIVE TEAM

Name Title Background Location Comments Mark Adamson

Chief Executive Officer & Managing Director (Oct2012-Present)

Mark was appointed CEO & MD of Fletcher Building in October 2012. Before Fletcher Building, he held a number of positions with the Formica Group. He joined the Formica Group in 1998 as CFO of the European division. Following that he was appointed MD UK & Eire, and in 2004 was appointed President of Formica Europe and then CEO of Formica Corporation in 2008. Prior to joining Formica Corporation, he was Financial Controller of the pharmaceutical company GlaxoSmithKline. Education – BA(BusFin), Northumbria University, UK; CA; Member, Institute of Taxation, UK

Auckland, NZ

Gerry Bollman

Chief Financial Officer (October 2014-Present)

Gerry commenced his current role in October 2014. As CFO he is responsible for the newly combined roles of Chief Executive of Strategy & Performance, his previous role, and CFO. He joined the senior management team at Formica Group in 2008, based in the USA but working extensively across Europe, Asia and India. Prior to moving to New Zealand to commence his Chief Executive Strategy & Business Performance role in October 2012, Gerry was Formica Group’s VP Strategy & Business Development. In that role Gerry spent considerable time working with Formica Asia on their China growth and expansion, with Formica Europe on the acquisition in India, and with the Laminex Australia and New Zealand teams on their transformation programs. Before joining Formica he spent seven years with the global management consultancy Booz Allen Hamilton. Education – MBA, University of Michigan, USA; BSc(Fin), Xavier University, Cincinnati, USA

Auckland, NZ


Kate Daly

Chief Executive, Corporate Services (2013-Present)

Kate joined Fletcher Building as the Group GM HR in June 2011 and was promoted to her current role in 2013. Prior to this, Kate was GM Corporate Affairs, People & Performance at Coca-Cola Amatil (NZ). She has also worked for Deutsche Bank, Merrill Lynch, ABN AMRO and Greenwich Healthcare Trust in London. Education – BCom & BSc(Pharma), University of Auckland, NZ

Auckland, NZ

Graham Darlow

Chief Executive, Construction (Nov2011-Present)

Graham has held the role of Chief Executive, Construction since November 2011. He joined Fletcher Building in 1988, after starting his career as a professional engineer in Australia and the UK. He progressed through Fletcher Construction’s Engineering division to become GM in 2001. After holding senior positions on many of New Zealand’s largest construction projects, Graham is now involved in the rebuild of Christchurch. He is a past President of the Institution of Professional Engineers New Zealand. Education – BE(Civil), University of Auckland, NZ; AMP, Mt Eliza Business School; Fellow, Institute of Civil Engineers, UK; Fellow, Institution of Professional Engineers, NZ

Auckland, NZ

Charles Bolt

Company Secretary & General Counsel (Oct2013-Present)

Charles was appointed General Counsel & Company Secretary in October 2013, having joined Fletcher Building as Corporate Legal Counsel in 2002. Prior to joining Fletcher Building, he spent eight years at the New Zealand law firm Bell Gully where he had a broad commercial law practice in M&A, capital markets and managed funds. Earlier in his career, Charles spent three years working as a lawyer at the New Zealand Stock Exchange. Education – SnrExecProgram, Columbia University, USA; LLB, Victoria University of Wellington, NZ

Auckland, NZ


Dean Fradgley

Chief Executive, New Zealand Distribution (Jul2013-Present)

Dean was appointed Chief Executive, New Zealand Distribution, in July 2013. Prior to this Dean was MD of Wolseley UK’s pipe and climate business, a position he held since June 2010. Dean first joined Wolseley UK in November 2007 as Trading Director for Climate Center. Earlier in his career, he worked for 20 years with a number of blue chip companies, including J Sainsbury, Kingfisher and B&Q. At B&Q he was Head of Trade.

Auckland, NZ

Tim Hickey

Chief Executive, Australian Distribution (Jul2013-Present)

Tim was appointed Chief Executive, Australian Distribution, in July 2013. Prior to this permanent appointment he was Interim EGM of Tradelink between April 2013 and July 2013. Tim was most recently CEO of Midas Australia, a business that was transformed from a position of voluntary administration into a profitable franchise operation during his leadership. He has previously worked as a senior executive for PepsiCo restaurants and Yum Brands in the US, holding various roles in Marketing and Operations. Education – BEc, Macquarie University; Mktg Mgmt, University of New South Wales; Strategic Mgmt, Macquarie Graduate School of Management

Sydney

Nick Olson

Group Finance Director (Dec2014-Present)

Nick commenced as Group Finance Director in December 2014. He joined Fletcher Building as CFO in April 2013. From October 2010 until December 2012, he held the position of CFO of Telecom Corporation of New Zealand Ltd. Nick joined Telecom in January 2002, and between 2002 and 2010 held numerous roles with the company, including Treasurer, GM Finance and Group Controller. Earlier, Nick spent 13 years in the investment banking industry. He has extensive capital markets, M&A and corporate finance experience. In 2012 was awarded ‘CFO of the year’ at the annual New Zealand CFO Awards. Education – BE(Hons), University of Auckland, NZ; FCA, NZ

Auckland, NZ


Carl Powell

Group Chief Information Officer (Dec2013-Present)

Carl joined Fletcher Building in December 2013 to lead the transformation of the group’s digital and technology capability. The newly created role involves development of a digital strategy and a general review of the structure and technology landscape across the group, an integral part of the FBUnite business transformation program. Carl joined Fletcher Building from Unipart Group in the UK, where he was Group CIO, responsible for the overall strategy and operation of IT and has successfully restructured the delivery of IT across the Unipart Group. He has extensive experience in leading IT and digital projects and in supply chain and logistics management. Prior to becoming Group CIO at Unipart, Carl was one of the founder directors of Unipart’s consultancy division, UEP. Carl also served on the CIO advisory Boards of Vodafone, Computacenter and CSC in the UK. Education – Applied Physics, Sheffield Hallam University, UK

Auckland, NZ

Paul Zuckerman

Chief Executive, Laminates & Panels (Oct2012-Present)

Paul was appointed Chief Executive, Laminates & Panels division in October 2012. Prior to this he was Chief Executive of the Steel Division, a role he held since May 2007. Prior to joining Fletcher Building, Paul held the position of President, Greater China with BlueScope Steel. He held numerous senior management roles with BlueScope over a 13 year period. Prior to this he spent eight years at PPG Industries, a leading global manufacturer of industrial coating, glass and chemical products. Education – MBA, Ohio State University, USA; BSc(Chem), Syracuse University, USA

Melbourne


OTHER KEY PERSONNEL

Name Title Background Location Comments Henry Boyden

Group Chief Digital Officer (2014-Apr2015)

Henry was appointed Group Chief Digital Officer of Fletcher Building in 2014 and concluded this interim assignment in April 2015. He has held a range of management consultancy and interim roles since 2009. As Fletcher’s CDO he was accountable for driving the Omni-Channel transformation in the distribution and retail businesses, enabling development of wider business unit digital business strategies, and providing tools and guidance to ensure collaboration across the business. Previously he was Interim Group CIO between March 2013 and December 2013, where he established a central Global CIO function from a highly decentralised and federated business, and led the search for a permanent candidate. Immediately prior he was Interim Head of Digital Laminates & Panels of the Formica business. Before Formica/Fletcher, he undertook management consultancy, turnaround and commercial investor due diligence projects across media, digital and technology sectors. Roles have included Interim COO at Future Shorts Ltd in the UK, Interim Head of Online Business & Marketing at Bonhams Auction House, and Head of Operations Europe at MyThings.

London, UK Interim role, ceased in April 2015 at completion of project.

Bevan McKenzie

Group General Manager, Strategy & Corporate Development (Jan2014-Present)

Bevan joined Fletcher in his current role in January 2014, and is responsible for driving the development of group strategy, overseeing M&A activity, supporting divisional and business unit strategic initiatives, reviewing major investment proposals, and leading special projects. Previously, Bevan was with Roquette Freres in France, most recently as Commercial Director of Emerging Countries and before as M&A Manager. Earlier, he was with The Boston Consulting Group for six years and at RS Components as Global Sourcing Manager. Education – MBA, IMD; MA(PolSc), University of Auckland, NZ

Auckland, NZ


Philip King

Group General Manager, Investor Relations & Capital Markets (Aug2013-Present)

Group General Manager, Investor Relations & Capital Markets

Auckland, NZ

Sam Lo Ricco

Group General Manager, Taxation (Aug2013-Present)

Sam was appointed head of tax for the Group in August 2013. Before his current role, Sam was Group Tax Manager for Fletcher’s Australian, US, European and Asian operations. Before joining Fletcher in 2008, he was Associate Principal for Crowe Horwath working in corporate and international tax advisory. Earlier he spent almost fifteen years with Deloitte, working in Australia and throughout South East Asia. Education – Bachelor’s (Ec&Law), University of Sydney

Sydney

Simon Broome

Group General Manager, Risk & Assurance (Sep2013-Present)

Simon was appointed to lead the risk and assurance team in September 2013, having previously been Group Internal Audit Manager. In his current role, Simon manages the risk management framework and policies, an expansion of his previous role. Simon was previously Acting Commercial Manager of the Steel Division, where he was responsible for all financial aspects as well as overseeing all commercial matters ranging from procurement contracts, acquisition/disposal of businesses. Earlier in his career, Simon was Commercial Manager for the Laminex Group in New Zealand for six years, Heinz Watties for eleven years, and five years with Coopers & Lybrand. Education – Dip(Bus), University of Auckland, NZ

Auckland, NZ


Raymond Wu Group Internal Audit Manager (Nov2013-Present)

Raymond became Group Internal Audit Manager in November 2013, having previously been Internal & IT Audit Manager for four years. Prior to joining Fletcher, Raymond was a Business Analyst with Datacom Systems Ltd. Earlier, he spent five years as an IT Audit Consultant with ASB Bank, and four years as IT Auditor with PwC. Education – Victoria University of Wellington, NZ

Auckland, NZ

Matthew Skilton

Group General Manager, Finance & Performance (Aug2013-Present)

Matthew joined Fletcher in his current role in August 2013, and is responsible for financial leadership, performance and business intelligence, group internal/external financial reporting, financial control and oversight including capex, and leadership and development of the finance team. Previously he was with Telecom New Zealand, most recently as Head of Corporate Finance Operations, and before that Head of Financial Control, having joined the company as External Reporting Manager in 2008. Earlier he spent five years as a Consultant with Enodis and before that almost nine years with Deloitte. Education – PGCert(Leadership), University of Waikato, NZ/University of Queensland; BBS, Massey University, NZ

Auckland, NZ

Mike Thornton

Global Technology & Digital Change Manager (Contract) (Aug2014-Present)

Mike was contracted to Fletcher in August 2014 via Friday Solutions, an ITIL consultancy he has been with since April 2013. His role sits in the newly formed GTD unit of FBU, and is responsible for change management and configuration management of a new and growing infrastructure and suite of applications deployed across all Fletcher businesses. Other roles he has undertaken on a contract basis include ITSM Consultant Project Manager for Synlait Milk Ltd, Change & Release Specialist for healthAlliance, ITSM Consultant for Methanex Corporation, ITSM Consultant for Atlantis Healthcare and ITSM Implementation Consultant for the New Zealand Defence Force.

Auckland, NZ


Before moving into contract roles, Mike was with Datacom Systems Ltd in various project management roles. He has previously worked for EDS (NZ) Ltd, Telecom New Zealand and Repco. Education – DipBus(ISMgmt), University of Auckland, NZ

Martyn Watts

General Manager, Organisational Design & Change Management (Apr2014-Present)

Martyn leads the organisation design and change management centre of expertise for the Fletcher Building Group, having joined the company in April 2014. He provides leadership, support and advice to strategic, group wide programs for change, and his current projects include IT transformation, finance transformation (including Shared Services), HR transformation, global ERP program and digital enablement. Previously he was with SAB Miller in the UK where he was Group Organisation Development Executive, leading the Integrated Supply Chain program. Prior to that he was with Deloitte, most recently as Director of Management Consulting where he worked in a number of sectors including FMCG and industrial. Education – BSc(BusIT), University of Central Lancashire, UK

Auckland, NZ

Lou Cadman

General Manager, Office of the CEO (Jul2014-Present)

Lou commenced his current role in July 2014. Reporting direct to the CEO he focuses on identifying the areas of biggest opportunity for the company to grow revenues and deliver greater shareholder return. Previously, Lou was Group GM of Forman Group, and before that GM of Fletcher Aluminium where he served on the Board of two JV’s. From 2000 to 2006, he was GM of Southern Spars, which designs, constructs, installs and services carbon fibre masts, booms, composite rigging and components. Earlier, Lou was with Fletcher Challenge Forests where he was Site Manager at the Kawerau Remanufacturing Plant, and also spent five years with Coopers & Lybrand. Education – Dip(Leadership), Mt Eliza Business School; BForSci(Hons), University of Canterbury, NZ; BCom, University of Auckland, NZ; CA

Auckland, NZ


David Pratt

General Manager, Fletcher Building Shared Services (Jul2013-Present)

David commenced his current role in July 2013, and is responsible for the Shared Services function that forms a core element of the FBUnite transformation program. Previously, David was with Vodafone in the UK, most recently as Group Finance Operations Transformation Migration Lead where he led the move to Shared Services. Before that he acted as Interim CEO of Vodafone’s India Shared Services business for eight months. From 2008 to 2011, he was Head of New Business Initiatives and from 2005 to 2008 was SAP Programme Manager, with both roles based in the UK. Before joining Vodafone Group, he was with Deloitte Consulting where he acted as European Lead for SAP BI, and he was briefly Project Manager with Fletcher Challenge Forest. Education – BBus, Massey University, NZ

Auckland, NZ

Michele Kernahan (nee Creagh)

General Manager, Laminex Australia (Mar2015-Present)

Michele commenced as GM of Laminex Australia in March 2015. She was previously GM of Fletcher Earthquake Recovery. She has worked in a number of Fletcher businesses in a variety of roles. She was GM of Golden Bay Cement from 2011 until her appointment as GM of Earthquake Recovery. Before that she was COO Southern for Firth Industries. At Firth she was National Marketing & Sales Manager as well as GM Dricon. Education – ExecProgram(Strategy&Organisation), Stanford University Graduate School of Business, USA; ExecProgram(eCommerce Strategy), University of Pennsylvania – The Wharton School, USA; MBA & BA, University of Canterbury, NZ

Melbourne


Peter Wilson

President, Formica Asia, Laminates & Panels Division (Nov2013-Present)

Peter leads Formica Asia’s laminates and panels business covering north and southeast Asia, having commenced in the role in November 2013. Previously Peter was GM for the Roof Tile Group business, a global role responsible for leadership across the business. Before Formica, he was with BlueScope/BHP Steel, most latterly as President of Thailand & Indochina. He was also President of BlueScope’s Vietnamese operations and VP Sales & Marketing of BHP’s Coated Steel Australia business. Earlier roles included GM Malaysia & Brunei, MD BHP Trading SE Asia Pte Ltd, Commodity Manager Ferrous Raw Materials and Export Manager Manufactured Products. Education – Asian International Executive Programme, INSEAD, Singapore; Bus(BA), RMIT University

Shanghai, China

Andrea Pidcock

General Manager, Stramit (Mar2015-Present)

Andrea commenced her current role in March 2015, having previously been GM Winstone Aggregates (NZ) & Rocla Quarry Products (Australia), Heavy Building Products Division, since March 2014. In this role she was responsible for the aggregates business, comprising over 35 sand and hard rock quarry operations as well as transport. Previously she spent a year as a Strategy Consultant with Coffey International, working on a number of strategic bids and projects, and supported the executive team to pull together a global growth strategy. Before Coffey International, she was with Boral from 2006 until 2013, most recently as Regional GM South Australia. Andrea commenced her working life as a research physicist with Rio Tinto, and subsequently held roles with Optus and Goodman Fielder amongst others before joining Boral. Education – MBA, Melbourne Business School/Columbia Business School (Exchange), USA; BE(Elec) & BSc(Hons) (Physics, Maths), University of Sydney

Sydney


Ian Jones

General Manager, Winstone Aggregates & Golden Bay Cement, Heavy Building Products Division (Nov2014-Present)

Ian was appointed GM of the Winstone Aggregates business in November 2014. He has over 20 years’ experience in heavy industry including steel, cement and aggregates. He leads a team of managers who look after 20 operating sites and a national multi-modal distribution including 90 trucks and coastal shipping. Ian is also GM of Golden Bay Cement, having been appointed in March 2014. He also remains GM of Pacific Steel during the transition of that business to its new owners, New Zealand Steel. He has been with Fletcher Building in various roles since 1990. He has also worked in the Humes and Easysteel businesses.

NZ

Stephen Baker

General Manager, Rocla Pipelines & Rocla Quarry Products, Heaving Building Products Division (Mar2015-Present)

Stephen has been with Fletcher Building since 1995, and was appointed GM of Rocla Pipelines & Rocla Quarry Products in March 2015. Prior to this he was GM of Rocla Pipeline Products. Education – BE(Civil), RMIT University

Sydney

Kevin Kellow

General Manager, Iplex Pipelines Australia, Heavy Building Products Division (Aug2001-Jan2015)

Kevin was GM of Iplex Pipelines, a wholly owned division of Fletcher Building, from August 2001 until January 2015. He is now a management consultant. He is also currently the Chairman of the Plastic Industry Pipe Association of Australia Ltd, having been a Director since 2007 and appointed Chairman in 2013. Previously he was VP of Marketing at James Hardie Building Products.

Sydney Kevin left the business in January 2015. Previous EGM of Iplex Pipelines (incorporating Iplex Australia, Iplex NZ & Crane Copper Tube), Rob McLeod, left the business in July 2014.


Craig Mangos

General Manager, Iplex Pipelines New Zealand, Heavy Building Products Division (Jan2008-Present)

Craig was appointed GM of Iplex New Zealand in January 2008. He has been with Iplex/James Hardie Pipelines since 1995 when he was Territory Manager of James Hardie Pipelines. He was then promoted to Regional Sales Manager for South Island in 1997 when the company became known as Iplex, followed by Divisional Manager of Civil, Plumbing & National Contracts in 2000, and National Sales & Marketing Manager in 2003. Previously he was with Wormald NZ Ltd where he was Fire Systems Designer, then Contracts Estimator and finally Project Manager.

NZ EGM of Iplex Pipelines (incorporating Iplex Australia, Iplex NZ & Crane Copper Tube), Rob McLeod, left the business in July 2014.

Andrew Moss General Manager, Firth Industries & Humes Pipelines, Heavy Building Products Division

Andrew is currently GM of Firth Industries and Humes Pipelines in Fletcher’s Heavy Building Products Division.

NZ

Darren Schulz

President & Group General Manager, Roof Tile Group, Light Building Products Division (Jan2015-Present)

Darren joined Fletcher to lead the global metal roofing products business in January 2015. Prior to that he was with Boral, most recently as EGM of Building Products for two years, and before that VP of Performance Management. Previously he was with Boral in the US where he held a number of roles across the Roofing business including VP Commercial & Business Development, VP Latin American Operations & New Product Development, VP Market Development the Americas, and VP Sales East & Ventures. He was earlier with Boral Bricks holding a number of finance roles. Before joining Boral in 2002 he was Special Counsel with Minter Ellison, Tax Manager with Optus, and Senior Consultant with Coopers & Lybrand. Education – MBA, University of Pennsylvania – The Wharton School, USA; BBus(Acctg), University of Technology Sydney; CA

Sydney


Stu Henwood

President, DECRA Roofing Systems, Light Building Products Division (Nov2014-Present)

Stu commenced his current role in November 2014, and is responsible for leading the EBIT, safety, employee engagement and overall performance of the DECRA business, part of Fletcher’s Roof Tile Group, across the Americas. Prior to that he was with the Humes Pipeline Systems business, most recently as NZ Manager, having previously been National Sales Manager and earlier Regional Sales Manager. Education – MBA, Victoria University of Wellington, NZ; PGD(DipApplSc) & BApplSc, Massey University, NZ

Los Angeles, USA

Martin Storey General Manager, Fletcher Aluminium, Light Building Products Division (Nov2014-Present)

Martin commenced his current role in November 2014. He was previously with Fletcher’s Forman business, most recently as Interim GM of the Forman Group, and before that Business Manager for the Commercial Interiors and Insulation businesses. Earlier he was Business Unit Manager of Fletcher’s CSP Pacific, and National Sales Manager of the Humes Pipeline Systems business.

Auckland, NZ

Mark Freeman

General Manager, Tasman Sinkware, Light Building Products Division (Jun2013-Present)

Mark joined Fletcher Building as GM of the Tasman Sinkware business in June 2013. Before Fletcher Building, Mark was Group GM Lincoln Sentry at Alesco Corporation. Prior to Alesco, he was Regional Manager Northern, encompassing Queensland and Northern Territory, for the Fletcher Building business Stramit Building Products. Previously he spent ten years with CSR/Readymix, most recently as Manager Melbourne Concrete for Cemex. Other roles included Area Manager Brisbane South Concrete, SEQ Sales & Marketing Manager, and initially Area Manager for Bradford Insulation. Education – BBus(Mktg), Monash University

Brisbane


Hamish McBeath

General Manager, Steel Distribution, Distribution NZ Division (May2014-Present)

Hamish became GM of Steel Distribution in May 2014, and oversees the Easysteel, Pacific Coilcoaters and Fletcher Reinforcing businesses. He has been with Fletcher Building since 2002 when he commenced as Shift Manager at Pacific Steel Group. He was then promoted to Galvanising Operations Manager, followed by Sales Manager. In 2007, he became Pacific Steel’s Group Sales & Marketing Manager, before being appointed GM of Pacific CoilCoaters in 2010. From May 2013 until his current role he was GM of Fletcher’s FBUnite Transformation Programme. Prior to Fletcher’s, Hamish spent six years in the Royal New Zealand Navy. Education – AdvM&AProgram, Mount Eliza; MBA & PGD(OpsMgmt), University of Auckland, NZ

Auckland, NZ

Bryn Harrison

General Manager, Mico, Distribution NZ Division (Jun2014-Present)

Bryn commenced his current role in June 2014, having previously been GM of Fletcher’s Hudson Building Supplies business in Australia. Previously, he was Group Business Development Manager at The Laminex Group. Before joining Laminex in 2009, he was Senior Strategy Manager of The Carbon Trust, and prior to that spent eleven years with LEK Consulting. Education – BE(Mech), University of Auckland, NZ

Auckland, NZ

Ken Lotu-Iiga

General Manager, Fletcher Residential, Construction Division (Jul2013-Present)

Ken commenced his current role in July 2013, having previously been Strategic Development Manager for two years. Previously, he held the role of Divisional Manager. Prior to joining the Residential division, Ken was Business Manager Windows & Doors for Fletcher Aluminium. Education – BCom/LLB, University of Auckland, NZ

Auckland, NZ


Greg Pritchard

General Manager, Building + Interiors, Construction Division (1987-Present)

Greg has been with Fletcher Building since 1987, and currently leads the Building and Interiors division, which delivers commercial, retail and institutional projects throughout New Zealand.

Auckland, NZ

Daniel Mackereth

Bid Director, Construction Division (Jan2013-Present)

Daniel was appointed Fletcher Building Construction Group’s Bid Director in January 2013, responsible for large and complex bids and projects. Previously he was Interim GM for Fletcher Construction Infrastructure for seven months. Before that he was GM leading Fletcher Construction’s Brian Perry Civil business unit. Earlier with Fletcher Construction he was New Business Manager, leading Bid Managers, Project Managers, Engineers, Designers, Submission Writers and Estimators, and Project Manager responsible for the design and construction of the Viaduct Basin Facilities in Auckland for the 2000 Americas Cup, and before that Pukete Bridge and Wairere Drive projects. Education – BE(Civil), Auckland University, NZ; NZCE(CivilEng), Central Institute of Technology & Manukau Technical Institute, NZ

Auckland, NZ

Alan Brown General Manager, South Pacific, Construction Division

Alan is GM of Fletcher Construction’s South Pacific region. NZ

Ian Jonkers

General Manager, Pipeworks, Construction Division

Ian is currently GM Pipeworks within Fletcher’s Construction division. NZ

ABN 21 160 009 236

Suite 14.01, Level 14, 9 Castlereagh St, Sydney NSW 2000

p +61 2 9253 0950

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