Why Fonterra accepted defeat in the dairy aisle
OPINION: Fonterra's sale of its consumer dairy business to Lactalis is a clear sign of the co-operative’s failure to compete in the branded consumer market.
Australian Clinton Dines will take up the board position made vacant by Sir Ralph Norris on November 25 at the annual meeting.
Chairman John Wilson says world-class governance is one of the board's top priorities, and the co-op needs directors with a broad range of talent and depth of business experience.
"The board welcomes Mr Dines, an Australian, who has outstanding business and governance credentials."
Dine has experience in China, having lived and worked there for 36 years. He took up a role as a senior executive for BHP Billiton in 1988, his tenure lasted 21 years and saw him become president of the company.
"His expertise in managing the complexities of a large global commodity business, and leading organisations through change and growth make him ideally qualified to join Fonterra's Board," says Wilson.
"Mr Dines is well versed in managing the impacts of global commodity price fluctuations. Fourteen years of his time at BHP in China were in a buyers' market where the prices were low, while the last seven years were in a boom market."
Dines currently serves on the boards of KAZ Minerals and Zanaga Iron Ore. These are significant businesses listed on the London Stock Exchange and AIM. In addition, he is a non-executive director of Aurecon, a professional services engineering group, North Queensland Airports, and Griffith University.
The independent directors of the manager of the Fonterra Shareholders' Fund support Dines' appointment.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.
DairyNZ says its plantain programme continues to deliver promising results, with new data confirming that modest levels of plantain in pastures reduce nitrogen leaching, offering farmers a practical, science-backed tool to meet environmental goals.
'Common sense' cuts to government red tape will make it easier for New Zealand to deliver safe food to more markets.
OPINION: Should cows in NZ be microchipped?
OPINION: Legislation being drafted to bring back the controversial trade of live animal exports by sea is getting stuck in the…