Expert Says Fonterra Backing Current Strategy With New CEO Appointment
The appointment of Richard Allen as Fonterra's new chief executive signals execution, not strategy, according to agribusiness expert Dr Nic Lees.
Smit and sitting director Michael Spaans were voted in by shareholders; Canterbury farmer Stuart Nattrass was unsuccessful.
Smit lives and farms at Edgecumbe; building and owning even dairy farms in Eastern Bay of Plenty and Oamaru.
She is a director of Ballance Agri Nutrients and Primary ITO, and a Trustee of Taratahi Agricultural Training Centre and Eastern Bay Energy Trust. A charted accountant by profession, she was company administrator at Kiwifruit Cooperative
EastPack for 24 years.
Smit will join the board at Fonterra’s annual meeting in Darfield on Thursday.
