Friday, 02 August 2019 15:33

Retiring Fonterra directors seek re-election

Written by 
Andy Macfarlane and Donna Smit are both seeking re-election. Andy Macfarlane and Donna Smit are both seeking re-election.

Nominations for the Fonterra board elections open today: two farmer-director positions are up for grabs.

Sitting directors Donna Smit and Andy Macfarlane retire by rotation: both are seeking re-election.

The Independent Assessment Process will be run first with a nomination period of 2-16 August 2019. The Independently Assessed Candidates will be rigorously assessed by an independent Selection Panel of three highly respected governance experts. 

This year, the Panel comprises Tony Carter (chairman of Air New Zealand and Fisher & Paykel Healthcare), Joan Withers (chair of Mercury NZ and The Warehouse Group) and Rob Campbell (chair of Skycity Entertainment Group, Summerset, Tourism Holdings and WEL Networks). Their role is to shortlist and recommend the best candidates to Fonterra’s Shareholders.

The Returning Officer will announce the Independent Nomination Process candidates on 17 September 2019.

The Non-Assessment Process, where farmers can put themselves forward as a  candidate for the Board outside the Independent Assessment Process, will follow with the nomination period running from 17- 27 September 2019.

The Returning Officer will confirm all candidates on 30 September.

The Directors’ Election will be held using the ‘first past the post’ system via postal and online voting by Fonterra shareholders. 


More like this

Fonterra lifts global ranking

At least some not-bad news for Fonterra: the co-op has climbed to fourth-largest in the world’s dairy company rankings.

Payout unchanged, dividend axed

Farmgate milk price forecasts remain unchanged despite Fonterra’s decision to not pay a dividend for the 2018-19 season, says chief executive Miles Hurrell.


» The RNG Weather Report

» Latest Print Issues Online

Milking It

Milk on tap

The days of cafes getting milk in plastic bottles may be numbered if two young Dunedin entrepreneurs have their way.

Behind the eight ball

Global animal health company DSM says it has a product that can help reduce emissions from cows by up to…

» Connect with Dairy News