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.
Outgoing Fonterra executive Robert Spurway has been appointed as managing director of listed Australian company GrainCorp.
Spurway takes up his new role in 2020 after completion of the planned demerger of GrainCorp’s Malt business.
Spurway, Fonterra’s chief operating officer, is leaving the co-op. It was announced in September that he has decided to leave after eight years as an executive manager.
A statement from GrainCorp says Spurway has more than 25 years’ experience in the food and dairy industries, including multiple senior operational roles with both Fonterra and Goodman Fielder Australia: he has also held CEO roles Salad Fresh and Mrs Crocket’s Kitchen.
He will be relocating to Sydney from Christchurch and will commence work following GrainCorp shareholder and Court approval of the demerger of GrainCorp’s Malt business.
GrainCorp chairman, Graham Bradley says the board was delighted to announce the appointment of Spurway, following an extensive local and international search process.
“GrainCorp’s board is very pleased that Robert has accepted the role as the next managing director and chief executive officer of GrainCorp after completion of the demerger,” Bradley said.
“Robert is a proven leader who brings extensive experience in the food and dairy industries, both through operational and executive leadership roles.”
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.