A great outcome - Hurrell
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
MICHAEL SPAANS has been elected as the new director on the Fonterra Board of Directors.
Spaans, aged 50, lives in Hamilton and farms at Te Aroha. He was a Shareholders' Councillor from 2000 to 2008 and is currently a director of DairyNZ and several other dairy sector companies.
Shareholders voted to re-elect incumbent directors Malcolm Bailey and Ian Farrelly, says returning officer, Warwick Lampp, of electionz.com Ltd.
Shareholders Scott Montgomery and Gerard Wolvers were elected unopposed as members of the Directors' Remuneration Committee.
In the Shareholders' Council elections Rosss Wallis was elected in Ward 8 – Hamilton and Vaughn Brophy, Ward 21 – Coastal Taranaki.
Both are new Shareholders' Councillors.
In the 11 other Shareholders' Council wards where elections were due, nominees were elected unopposed. The councillors in those wards are:
Ward 3 - Northern Wairoa Penny Smart
Ward 6 - Hauraki Julie Pirie
Ward 9 - Morrinsville Malcolm Piggott
Ward 12 - Cambridge Kevin Monks
Ward 15 - South Waikato Ian Brown
Ward 18 - Otorohanga Duncan Coull
Ward 24 - Southern Taranaki David Werder
Ward 27 - Southern Manawatu Richard Syme
Ward 30 - Northern Central Canterbury Ange Ward
Ward 32 - Southern Canterbury John Gregan
Ward 33 - Otago Ad Bekkers and Ivan Lines
All successful candidates will take office at the close of the annual meeting on Wednesday, November 27, 2013.
Fonterra chief executive Miles Hurrell says the sale of the co-op’s consumer and associated businesses to Lactalis represents a great outcome for the co-op.
The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.
Fonterra has increased its 2024/25 forecast Farmgate Milk Price from $10/kgMS to $10.15/kgMS.
It took a stint at university to remind Otago dairy farmer Megan Morrison that being stuck in a classroom was not for her.
Farmer lobby group Federated Farmers has announced it is supporting a new Member’s Bill which it says could bring clarity to New Zealand farmers and save millions in legal costs.
DairyNZ has announced the date for its upcoming Milksolids Levy vote.
OPINION: Milking It reckons if you're National, looking at recent polls, the dream scenario is that the elusive economic recovery…
OPINION: Sydney has a $12 million milk disposal problem.