Fletcher Building Limited announced that Dean Fradgley, Chief Executive of the company's Australian division, has decided to retire and will leave the business in early 2024. Over the last five years he has led Australian operations and has achieved significant success in improving margins and profitability. With the business now in a sound financial position, he has indicated that this is an appropriate time for him to step down.

Dean will remain with the business until early 2024 while undertake a search for a new CE to lead the Australia division.