Survey shows most Fonterra farmers plan to use capital return for debt reduction
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
Fonterra chief executive Theo Spierings says: "I want to thank Maury for her significant contribution and commitment to Fonterra over the past 11 years, she has really made a difference to our co-op.
"During this time Maury has been involved in some defining events for our co-op. Highlights include Maury's work on the launch of the Fonterra Shareholders' Fund, working closely with me on the development of our V3 strategy and developing a comprehensive people strategy to deliver to our ambition.
"Maury also stepped up to work closely on the WPC80 precautionary recall as spokesperson and lead of our response. More recently, Maury led our response to the 1080 contamination threat.
"I will miss Maury's support which has been invaluable to me, and on behalf of Fonterra, I wish Maury all the very best for the future.
"The process to appoint Maury's successor is underway," says Spierings.
Leyland's resignation is effective March 31.
