Fonterra Board Pay Rise: Chair Fee Up to $528,500
Fonterra board members are in line for a pay rise of around 3%.
A tweetfrom Fonterra’s official twitter account said the industry has lost “a close friend, leader and advocate of our industry much too soon”.
“Our thoughts and deep gratitude for all that Michael contributed go to the Spaans family.”
Spaans stepped down from the Fonterra board last year due to poor health. He remained chairman of DairyNZ.
Spaans farmed at Te Aroha and also had farming interests in the South Island, Chile and the US.
