increase font size
David McLeod and Leonie Guiney.
One sitting Fonterra director has not been endorsed by the co-op for the upcoming board elections.
It’s not clear whether retiring director Leonie Guiney did not seek re-election or failed to make the cut after assessment by the independent nomination process. Taranaki director David MacLeod is retiring from the board.
Sitting director John Monaghan was endorsed by the independent selection panel; the two new candidates are agribusiness leader Andy Macfarlane and PricewaterhouseCoopers partner Brent Goldsack.
A statement issued by Fonterra Shareholders Council, on behalf of returning officer Warwick Lampp, says Monaghan, Macfarlane and Goldsack were nominated by the Fonterra Board after being recommended by the independent panel; their nominations are also supported by the Shareholders Council.
The statement did not say whether Guiney will self-nominate for the board elections.
As a result of the changes to Fonterra’s governance and representation approved by shareholder vote in October last year, the Fonterra directors’ election process includes two nomination options: the independent nomination process and the self-nomination process.
The self-nomination process, where farmers can stand as a candidate for the board with the support of 35 different shareholders, is now open. Nominations close on Thursday, September 21.
The full list of candidates for the board elections will be announced on September 25.
Guiney, who farms in Fairlie, was elected to the board in 2014; MacLeod, the chairman of Taranaki Regional Council, was elected to in 2011.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
OPINION: Farmer shareholders of two of New Zealand's largest co-operatives have an important decision to make this month and what they decide could change the landscape of the dairy and meat sectors in New Zealand.
OPINION: As CEO of the Dairy Board in the 1980s I was fortunate to work with a team of experienced and capable executives who made most of the brand investments that created the international consumer business Fonterra inherited. Soprole in Chile was the largest, but there were more than 20 countries where consumer marketing companies were established and Anchor and other brands were successfully launched.
Fonterra has delivered a fifth straight year of record organic milk price for farmer suppliers.
Fonterra says favourable weather conditions supporting pasture growth is boosting milk production.
Like many manufacturers around the world, European agricultural machinery and tractor manufacturers are currently operating in a difficult market environment. But they are heading to the world’s largest agricultural machinery event in Hanover next month with a degree of cautious optimism.
Established in 2021, the John Deere Technician of the Year Awards champion the important contribution parts and service technicians make to the Australian and New Zealand agriculture, construction and forestry industries.
Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.
New Zealand is closer to eradicating bovine TB than ever before, but possums remain a threat, says Beef + Lamb New Zealand.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
OPINION: Dairy industry players are also falling by the wayside as the economic downturn bites around the country.
OPINION: Methane Science Accord, a farmer-led organisation advocating for zero tax on ruminant methane, will be quietly celebrating its first…
