Fleetwood Limited has appointed Andrea Pidcock as its new CEO, bringing a wealth of operational and commercial leadership experience to the industrial and construction services company. Her appointment signals a strategic push towards operational excellence and growth through modern construction methods.
- Andrea Pidcock appointed CEO effective 2 February 2026
- Extensive leadership background across industrial and manufacturing sectors
- Fixed remuneration of $700,000 plus performance-based incentives
- Focus on operational improvements, manufacturing strategy, and earnings growth
- Outgoing CEO John Klepec returns to non-executive chairman role
New Leadership at Fleetwood
Fleetwood Limited (ASX, FWD), a key player in Australia's industrial goods and construction services sector, has announced the appointment of Ms Andrea Pidcock as its new Chief Executive Officer, effective 2 February 2026. Ms Pidcock steps into the role with a formidable track record of driving value creation and operational turnarounds across a range of complex industrial and manufacturing businesses.
Her previous senior roles at major companies such as Rio Tinto, Optus, Boral, Fletcher Building, CSR, Pact Group, and most recently Onsite Rental Group, have equipped her with a blend of strategic, operational, and commercial expertise. This diverse background positions her well to lead Fleetwood through its next chapter of growth and transformation.
Strategic Focus and Growth Ambitions
Fleetwood’s Executive Chairman, John Klepec, who temporarily assumed CEO duties in late 2025, expressed strong confidence in Ms Pidcock’s ability to elevate the company’s performance. He highlighted her energy, discipline, and hands-on leadership style as key assets for steering Fleetwood towards operational excellence and sustained competitiveness.
Ms Pidcock’s mandate includes capitalising on opportunities presented by modern methods of construction in Australia, standardising and industrialising Fleetwood’s operating platform, and implementing a manufacturing strategy aimed at boosting earnings from company-operated accommodation services. These initiatives reflect a broader industry trend towards efficiency and innovation in construction and manufacturing processes.
Compensation and Contractual Terms
The CEO employment agreement outlines a total fixed remuneration of $700,000 per annum, inclusive of superannuation, with an annual review. Ms Pidcock is also eligible for a short-term incentive (STI) cash bonus targeting 50% of her fixed salary, based on achieving EBIT targets and personal objectives, with a maximum STI opportunity of 55%. Additionally, she may receive long-term incentives in the form of performance rights, subject to Board discretion.
The contract includes a six-month notice period for termination by either party, with provisions for payment in lieu of notice. Post-termination, restrictive covenants apply for up to 12 months, limiting employment with competitors and solicitation of Fleetwood’s customers or employees.
Looking Ahead
As Ms Pidcock settles into her Sydney-based role, investors and industry watchers will be keen to observe how her leadership translates into tangible operational improvements and financial performance. The transition also marks Mr Klepec’s return to his non-executive chairman position, allowing him to focus on governance and strategic oversight.
Fleetwood’s appointment of a CEO with a strong operational pedigree underscores the company’s commitment to enhancing shareholder value through disciplined execution and strategic growth initiatives. The coming months will be critical in assessing how these leadership changes influence Fleetwood’s trajectory in a competitive and evolving market.
Bottom Line?
Andrea Pidcock’s appointment signals a pivotal moment for Fleetwood’s operational and strategic evolution.
Questions in the middle?
- How quickly will Fleetwood’s EBIT and operational metrics respond to new leadership?
- What specific manufacturing strategies will Ms Pidcock implement to drive growth?
- How will the market react to the CEO transition in terms of stock performance?