'Incompetence' behind Fletcher Building's woes, admits chairman Sir Ralph NorrisDAVID WHITE/STUFF Sir Ralph Norris steps down as Fletcher Building chairman. A grim-faced Sir Ralph Norris resigned as chairman of Fletcher Building saying the board had to be accountable for the troubled building group's massive construction losses. Fletcher Building shares dropped by 13 per cent when trading restarted on Wednesday. READ MORE:* Fletcher Building 'suffered billions in wealth loss'* Building firm owner queries Fletcher delays on Christchurch homes contract* Fletcher Building extends trading halt* Fletcher Building: Should he stay or should he go? He said many parts of Fletcher Building were in better shape than when he had arrived.

Source: Stuff February 13, 2018 18:49 UTC