Fonterra Whareroa sets cheese record, wins top award
Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual Best Site Cup awards.
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.
Questions are being raised about just how good the state of the dairy industry is - especially given that the average farmgate payout for the coming season is set to exceed $10/kgMS.
A leading financial and banking advisor says he doubts if most dairy farmers fully understand the dynamics of banking.
Dairy farmers are shoring up their balance sheets, with almost $1.7 billion of debt repaid in the six months to March 2025.
Virtual fencing company Halter is going global but for founder Craig Piggott, New Zealand farmers will always remain their main partners.
A former Fonterra executive is the new chair of the Dairy Companies Association of New Zealand (DCANZ).
New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.
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