Sir Ralph Norris and his team found gaps in Fonterra's procedures. Photo / Richard Robinson
Sir Ralph Norris and his team found gaps in Fonterra's procedures. Photo / Richard Robinson
Fletcher Building, the country's biggest listed company, has appointed former Commonwealth Bank of Australia boss Sir Ralph Norris to its board as it prepares for the departure of chairman Ralph Waters later this year.
Norris's appointment as an independent director will be effective from April, and will temporarily swell theboard's size to nine until Waters' retirement at the end of the year, the Auckland-based company said in a statement. Norris is current a director of Fonterra and Origin Energy, and has previously been chief executive of CBA and Air New Zealand.
"He will bring valuable skills and experience form leading large organisations, both in New Zealand and Australia," Waters said.