Fletcher Building has announced the appointment of Nick Olson as its chief financial officer to replace Bill Roest, who is retiring from the company next year.
Olson, CFO at at Telecom since September 2010, will take up the new role in April.
He originally joined Telecom in 2002 and has held several senior finance roles, including group controller and manager of the treasury function, with responsibility for all external financing and hedging, financial strategy and mergers and acquisitions.
Prior to that he had around 13 years as an investment banker in New Zealand, New York and Hong Kong.
Fletcher Building chief executive Mark Adamson said Olson had considerable experience in financial management and proven abilities managing in complex and dynamic environments.
"He will bring to the role fresh perspectives which will aid our strategic thinking and operational management processes."
Adamson also thanked the incumbent Roest for his contribution as CFO over the past 11 years at New Zealand's largest building supply company.
"Bill has worked for the Fletcher group for almost forty years and has been a key member of the senior executive team since Fletcher Building's separate listing in 2001. He has been actively involved in the growth strategies of the past decade and in particular the company's expansion into Australia," Adamson said.