Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Fonterra has slapped an injunction against former director Leonie Guiney, preventing her from sharing confidential information about the co-op with the media.
The co-op’s lawyer Daniel Kalderimis sought the order in the Wellington High Court on Friday afternoon; Justice Clark granted an interlocutory injunction.
Rural News received the court injunction via email from law firm Chapman Tripp. The firm’s senior solicitor Julian Brown told Rural News online that all media outlets served with the notice are covered by the court order.
The injunction bars Guiney from “breaching her duties of confidentiality” to Fonterra.
It also bars media organisations from using or publishing any confidential information received from Guiney.
Guiney left the Fonterra board in controversial circumstances last November; she failed to get endorsed by an independent selection panel and a board sub-committee to stand again in the director elections.
As a sitting director who failed to get endorsed during the independent selection process, the South Canterbury farmer was disqualified from standing in the last board elections. She can contest this year.
Before joining the board in 2014, Guiney had been a vocal critic of the co-op.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.