Fonterra trims board size
Fonterra’s board has been reduced to nine - comprising six farmer-elected and three appointed directors.
Fonterra and its former chief financial officer Neil Beaumont mutually agreed to end his employment last month.
The co-op also confirmed that Beaumont's shock departure was not in any way linked to the co-op's financial performance.
He left after just nine months at the co-op, raising shareholder questions.
Fonterra chief executive Miles Hurrell told the co-op's annual meeting last week that the terms of Beaumont's exit are confidential.
"While the terms of Neil's exit are confidential, I can confirm that his departure was mutually agreed by both Fonterra and Neil and was not in any way linked to the co-op's financial performance.
"While he was with us Neil created some real momentum in terms of how we set and achieve out goals for 2030, including the Resource Allocation Framework, two additional efficiency metrics and cost reduction targets we have added to our performance framework.
"I am determined that this momentum will continue."
Prime Minister Christopher Luxon says the relationship between New Zealand and the US will remain strong and enduring irrespective of changing administrations.
More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.
The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.
Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.
As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.
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