Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO
Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.
Eight Fonterra Shareholders Council members have been returned unopposed for another three-year term.
They are Penny Smart, Central Northland, Julie Pirie, Hauraki / Coromandel, Grant Wills, Matamata, Kevin Ferris, Te Awamutu, Rob Poole, Egmont Plains, Charles Whirehead, Ashburton, Ad Bekkers, Otago and Vaughan Templeton, western Southland.
However, an election is required in four seats.
For the Eastern Bay of Plenty, Gerard van Beek and Wilson James will battle it out. Northern Taranaki is also a two-way battle between Mark Hooper and Kevin Turnbull.
In Hawke's Bay, four candidates are registered - Eliot Cooper, David Hands, Andrew Hardie and Ivan Knauf.
The Tasman / Marlborough election will feature Sue Brown, Neil Sixtus and Wayne Langford.
Nominations for the elections closed yesterday.
The candidates for the Fonterra board of directors' election will be announced on Tuesday, 13 October 2015 following the completion of the Candidate Assessment Panel (CAP) process.
The returning officer, Warwick Lampp, confirmed there will be no election required for the Directors' Remuneration Committee, as shareholders David Gasquoine and Stephen Silcock have been elected unopposed.
Voting Packs, containing candidate profiles, will be mailed to eligible shareholders on Friday, 30 October 2015.
Shareholders can vote by internet, fax or post, using the Single Transferable Vote (STV) system.
The voting period is from Friday, 30 October until 10.30am on Monday, 23 November 2015 with the results being announced later that day. Fonterra's annual meeting will be held at Waitoa on November 25.
The closure of the McCain processing plant and the recent announcement of 300 job losses at Wattie’s underscore the mounting pressure facing New Zealand’s manufacturing sector, Buy NZ Made says.
Specialist agriculture lender Oxbury has entered the New Zealand market, offering livestock finance to farmers.
New research suggests Aotearoa New Zealand farmers are broadly matching phosphorus fertiliser use to the needs of their soils, helping maintain relatively stable nutrient levels across the country’s agricultural land.
Helensville farmers, Donald and Kirsten Watson of Moreland Pastoral, have been named the Auckland Regional Supreme Winners at the Ballance Farm Environment Awards.
Marc and Megan Lalich were named 2026 Share Farmers of the Year at last night's Canterbury/North Otago Dairy Industry Awards.
William John Poole, a third year Agribusiness student at Massey University, has been awarded the Dr Warren Parker and Pāmu Scholarship.
OPINION: The good news keeps getting better for NZ dairy farmers.
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