Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra is set to lose two more executives.
The co-op's president greater China and managing director Asia Middle East Africa, Johan Priem, will retire next month.
Jacqueline Chow, newly-appointed chief operating officer global consumer and foodservice, will leave in early 2017 to return to Australia.
The departures herald a smaller seven-member executive group, says chief executive Theo Spierings. They will focus on achieving the co-op's ambition, he says.
"This is the right step in our evolution. We're keeping farmers at the heart of our co-op while focusing on our global customers and consumers."
Coming to the fore are managing director Oceania Judith Swales and group director cooperative affairs Miles Hurrell.
Swales, who led the streamlining of the co-op's Australian business, is the new chief operating officer velocity and innovation. Hurrell is now chief operating officer Farm Source.
Spierings says Chow, due to leave in early 2017, had been "instrumental in driving our transformation agenda [but] clear about her intention to retire from executive life". Until then "our co-op stands to benefit greatly from her wealth of consumer and business experience".
Swales will manage the co-op's transformation and disruption agenda, and all R&D and technology.
"With Judith heading up velocity and innovation we will get an end-to-end view of our efforts to drive efficiency... and a strategic view of game changing business models."
Meanwhile Alex Turnbull will continue to head Fonterra's Latin American business as part of the global consumer and foodservice business unit but will leave the executive team.
Kelvin Wickham, previously managing director of global ingredients, whose role and position remains unchanged, is now chief operating officer NZMP.
Robert Spurway, previously managing director global operations, is now chief operating officer global operations.
OPINION: The distress that the politicians and bureaucrats are causing to the people of Wairoa and the wider Tairāwhiti is unforgivable.
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole range of groups and people around the country.