Oct 25 (Reuters) - Fletcher Building Ltd FBU.NZ :
* Announced the appointment of Ross Taylor as chief executive officer (CEO), effective 22 November 2017
* Has separated guidance of the B+I business from the remainder of the group's earnings
* Sees FY18 EBIT excluding significant items for Fletcher Building excluding B+I in range of NZ$680 million to NZ$720 million
* Expects FY18 B+I estimated EBIT loss excluding significant items of NZ$160 million
* Executive team and board have commenced a review of current business performance
* Strained supply chains creating some cost headwinds
* Expects normalisation of corporate costs from NZ$29 million in FY17 to between NZ$50 million and NZ$60 million in FY18
* Expects reduction of land development earnings from NZ$54 million in FY17 to towards previously stated target of NZ$25 million per annum
* Expects lower earnings in FY18 for construction division excluding B+I
* Impact of lower earnings from South Pacific and infrastructure may result in a decline in H1 earnings for group (excluding B+I)