Fonterra trims board size
Fonterra’s board has been reduced to nine - comprising six farmer-elected and three appointed directors.
Brown expressed confidence in the board's governance structure and says retaining van der Heyden and Waters was a practical move particularly as at least one new director would be voted to the board in December.
"The decision is important to ensure continuity within our cooperative as we begin operating in a post-TAF landscape.
"Both Sir Henry and Mr Waters will have signed their name to the TAF prospectus and the council expects that they would stand behind it and remain to see the launch of TAF through."
