Wednesday, 25 November 2015 10:13

Blue disappointed with voting result

Written by  Sudesh Kissun
Ousted Fonterra director Blue Read. Ousted Fonterra director Blue Read.

Ousted Fonterra director Blue Read says he is disappointed.

However, he "fully respects" the decision made by farmers.

"I was pleased with the support from farmers but not from the milk solids," he told Dairy News online.

Read was voted off by farmers in the co-op's director elections; Te Awamutu farmer and former National Foods chief executive Ashley Waugh is the new board member.

Chairman John Wilson and director Nicola Shadbolt were returned by shareholders.

Waugh joins the board at Fonterra's annual meeting in Waitoa today.

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