Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
While the directors were unopposed, Fonterra director election rules state that a successful candidate must get more than 50% of the votes cast.
Returning Officer Warwick Lampp, of electionz.com Ltd, confirmed that Goldsack and Quinn were re-elected.
This year, elections were also held for two Fonterra Co-operative Council wards – southern Northland and Piako. Cushla Smit won southern Northland while Aleisha Broomfield was elected as Piako councllor.
Other election results include shareholders Simon Couper and Shirley Trumper being elected unopposed to the directors’ remuneration committee. Couper, a former council chairman, is returning to a governance role after resigning in 2012 over his opposition to Trading Among Farmers (TAF).
In five council wards, councillors were elected unopposed.
They are Grant Coombes, Waikato West, Andrew Myers, Waipa, Kylie Leonard, Central Plateau, council chairman John Stevenson, Wairarapa and Don Moore, eastern Southland.
