Hugh Fletcher
Date established
1947
History
Hugh Alistair Fletcher joined the Fletcher Holdings Group in 1969 as assistant to the operations research officer of Fletcher Industries Ltd, attending university part-time to complete his Bachelor of Commerce. During this and the previous three years, he also completed a Bachelor of Science degree. In 1970 he was awarded a Harkness Fellowship, which he used to attend Stanford University in California. He completed a Master of Business Administration (MBA) there and graduated second in the class. He later completed a Master of Commerce.
When he returned to New Zealand in 1972 he was appointed personal assistant to the chairman and managing director of Fletcher Holdings Ltd, JC Fletcher. He was also made general manager of the Fletcher Trust and Investment Company Ltd and Wellesley Securities Ltd, where he was responsible for the investments of the Group.[1]
In 1976, HA Fletcher was appointed deputy managing director of Fletcher Holdings and during the next four years held various positions including general manager of The Fletcher Trust and Investment Company Ltd and chairman of the Building and Engineering Group and directorships of many Fletcher subsidiary companies.[2]
On January 1, 1980 Hugh Fletcher assumed the position of Managing Director of Fletcher Holdings Ltd. Following the merger of Fletcher Holdings with Challenge Corporation and Tasman Pulp & Paper Company in January 1981, he became group managing director, responsible for all New Zealand headquartered activities of Fletcher Challenge Ltd. He was involved in all major developments, including the expansion into the North American forestry industry with the purchase of Crown Zellerbach in 1983 and a controlling share in British Columbia Forest Products in 1987.
On October 9 1987, Hugh Fletcher became chief executive officer of Fletcher Challenge Ltd.
HA Fletcher was Chairman of Air New Zealand from January 1, 1985 to April 1989.
In the business arena it was Hugh Fletcher's clear, concise vision which led to some notable coups for the company. It was Hugh Fletcher's idea in the late seventies to move into the then under- developed energy industry. He also seeded the idea for Fletcher Challenge to divide itself into four letter-stocks, so that investors could buy shares in the separate energy, forestry and building and paper sectors
HA Fletcher's interest in management techniques that set the operating standards that put Fletcher Challenge companies above many of its peers. The decentralisation of the decision making process meant everyone had a say in the company's performance. The staff had a defined set of standards they were expected to achieve - with the support of their colleagues.
The internationalism of Fletcher Challenge Ltd's business, the successful move into energy resources and splitting the coglomerate's stock are the three strategic achievements during his term.
In December 1997 after more than 30 years with the company, HA Fletcher retired from the position of CEO of Fletcher Challenge Ltd.
He is married with 2 children.
He remained a member of the Fletcher Challenge Ltd Board of Directors until the dissolution of the company in March 2001.
Hugh Fletcher was a Director of Fletcher Building from its establiahment in 2001 until 2012
In 2012 Hugh became a trustee of The Fletcher Trust
When he returned to New Zealand in 1972 he was appointed personal assistant to the chairman and managing director of Fletcher Holdings Ltd, JC Fletcher. He was also made general manager of the Fletcher Trust and Investment Company Ltd and Wellesley Securities Ltd, where he was responsible for the investments of the Group.[1]
In 1976, HA Fletcher was appointed deputy managing director of Fletcher Holdings and during the next four years held various positions including general manager of The Fletcher Trust and Investment Company Ltd and chairman of the Building and Engineering Group and directorships of many Fletcher subsidiary companies.[2]
On January 1, 1980 Hugh Fletcher assumed the position of Managing Director of Fletcher Holdings Ltd. Following the merger of Fletcher Holdings with Challenge Corporation and Tasman Pulp & Paper Company in January 1981, he became group managing director, responsible for all New Zealand headquartered activities of Fletcher Challenge Ltd. He was involved in all major developments, including the expansion into the North American forestry industry with the purchase of Crown Zellerbach in 1983 and a controlling share in British Columbia Forest Products in 1987.
On October 9 1987, Hugh Fletcher became chief executive officer of Fletcher Challenge Ltd.
HA Fletcher was Chairman of Air New Zealand from January 1, 1985 to April 1989.
In the business arena it was Hugh Fletcher's clear, concise vision which led to some notable coups for the company. It was Hugh Fletcher's idea in the late seventies to move into the then under- developed energy industry. He also seeded the idea for Fletcher Challenge to divide itself into four letter-stocks, so that investors could buy shares in the separate energy, forestry and building and paper sectors
HA Fletcher's interest in management techniques that set the operating standards that put Fletcher Challenge companies above many of its peers. The decentralisation of the decision making process meant everyone had a say in the company's performance. The staff had a defined set of standards they were expected to achieve - with the support of their colleagues.
The internationalism of Fletcher Challenge Ltd's business, the successful move into energy resources and splitting the coglomerate's stock are the three strategic achievements during his term.
In December 1997 after more than 30 years with the company, HA Fletcher retired from the position of CEO of Fletcher Challenge Ltd.
He is married with 2 children.
He remained a member of the Fletcher Challenge Ltd Board of Directors until the dissolution of the company in March 2001.
Hugh Fletcher was a Director of Fletcher Building from its establiahment in 2001 until 2012
In 2012 Hugh became a trustee of The Fletcher Trust
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