Hugh Fletcher is a non-executive director of Rubicon and Vector, and a trustee of The University of Auckland Foundation. He was chief executive of Fletcher Challenge, a New Zealand headquartered corporation with assets in the global building, energy, forestry and paper industries. He retired from an executive position in December 1997 after 28 years as an executive, 11 of which he served as chief executive. Mr Fletcher was deputy chair of the Reserve Bank of New Zealand, member of the Asia Pacific Advisory Committee of the New York Stock Exchange, non-executive director of Fletcher Building, and has been involved as an executive and non-executive director in many countries in Asia including China, India, Singapore, Indonesia, Malaysia and Thailand.