Fulton Hogan chairman Mike Holloway will leave the board of the civil construction firm for health reasons at the end of the year, a changing of the guard that may see director David Faulkner named as his replacement at the privately held company.

In a letter to shareholders last month, Holloway said he plans to end a nine-year relationship with the company at the end of 2016, and signalled recently elected Faulkner, a former managing director of the firm, will take over the chair.

" ... after four years as Fulton Hogan's chairman, and a separate five-year term as a director, I have made the decision to conclude my formal association with the company as a director and chairman, bringing to a close my tenure at the end of the calendar year," Holloway wrote on October 11.

"I have made the decision with great regret; however, the impact of sustained air travel on my health has made the decision unavoidable."

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The change in the boardroom comes ahead of the March 2017 departure of managing director Nick Miller, who has led the firm since 2010 and is an 18-year veteran.

Recent appointments include chief financial officer Rob Woodgate, a former CFO at Silver Fern Farms and PGG Wrightson, joining the firm in September, and ex-Fletcher Building executive Mark Malpass, appointed general executive manager of strategy and corporate development in August.