Photo: Screenshot/New Zealand Parliament
Mark Cairns , chair of Freightways and long time former Chief Executive of Port of Tauranga, has pulled out of the running to be chair of beleaguered Fletcher Building, describing the process as "farcical".
Fletcher Building's Chief Executive Ross Taylor resigned in February, and chairman Bruce Hassall in March, after the company posted a dismal half year loss of $120 million.
Mr Cairns' says he's pulled out after a three and a half month recruitment process for the role of chair, and says employees and shareholders deserve better.
Kathryn speaks with Chief Executive of the Shareholders' Association, Oliver Mander.
