Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge.
The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and atransition period completed. Miller has been with Fulton Hogan for 18 years, including the past seven years in charge during which time he grew the Australian business and established a presence in Fiji.
"Under Nick's leadership, the company has enjoyed outstanding success," chairman Mike Holloway said in a statement. "He has positioned the company for the future and we will now begin the search for his replacement - both internally and externally."
The construction firm lifted 2015 profit 9.7 percent to $151.6 million on an 11 percent drop in revenue to $2.9 billion with the Australian segment accounting for more than half the group's sales.
Fulton Hogan had previously indicated 2016 would be a "steady year" due to residential construction work in Auckland, and Miller today said the company was in a strong financial position and "on track to deliver another solid result".
