Lactalis in front to acquire Fonterra’s Australian dairy assets after ACCC clearance
The world's largest dairy company may be in pole position to acquire Fonterra's Australian assets.
Sitting Fonterra board members Brent Goldsack and Cathy Quinn are unopposed at this year’s director elections.
However, as this is an uncontested election, under Fonterra’s board election rules, both sitting directors must gain more than 50% support of votes cast to serve another three-year term.
When nominations for the non-assessment process closed yesterday, Goldsack and Quinn were the only two candidates. Over the years all Fonterra director elections have been contested.
Fonterra shareholders can nominate themselves to contest director elections in two ways: either as independently assessed candidates or go through the non-assessment process.
Goldsack and Quinn were announced last week as the independently assessed candidates after undergoing assessment by an independent panel of agribusiness leaders.
Voting Packs, containing candidate profiles, will be mailed to eligible shareholders from Monday. Shareholders can vote online or by post from Tuesday, October 17.
Voting closes at 10.30am on Tuesday, 7 November 2023 with the results being announced later that day.
Two butcheries have claimed victory at the 100% New Zealand Bacon & Ham Awards for 2025.
A Taupiri farming company has been convicted and fined $52,500 in the Hamilton District Court for the unlawful discharge of dairy effluent into the environment.
The Climate Change Commission’s 2025 emissions reduction monitoring report reveals steady progress on the reduction of New Zealand’s climate pollution.
Another milestone has been reached in the fight against Mycoplasma bovis with the compensation assistance service being wound up after helping more than 1300 farmers.
The Government’s directive for state farmer Landcorp Farming (trading as Pamu) to lifts its performance is yielding results.
The move to bring bovine TB testing in-house at Ospri officially started this month, as a team of 37 skilled and experienced technicians begin work with the disease eradication agency.
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