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 has appointed Judith Swales to the new role of managing director for Oceania.
Swales, the co-op's managing director for Australia since 2013, will report directly to Fonterra chief executive Theo Spierings.
Spierings says Swales was the natural choice to lead Oceania, which is comprised of Fonterra's Australian business and its New Zealand consumer businesses, including Tip Top.
"Judith has a great understanding of consumers and their relationship to brands and has proven her ability to build effective partnerships in the highly competitive supermarket sector in Australia. By having Judith lead Oceania we are ensuring the growth of our brands on both sides of the Tasman.
"Judith also has extensive experience in business transformation and has led the reshaping of our Australian operations. She will continue to progress our detailed plan to lift our performance and profitability in Australia."
Swales joined Fonterra following leadership roles with Heinz Australasia and Goodyear Dunlop Australia
Fonterra Brands NZ will continue to run as a standalone business in New Zealand, under the managing director Jonathan Box, who will report to Swales. Fonterra is working through a process to appoint a permanent person to this role.
Swales will remain based in Melbourne, and her appointment takes effect November 1.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.