Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Miles Hurrell's confirmation as Fonterra’s chief executive has been warmly received on social media.
Read: Turning Fonterra around will take time — Hurrell.
Fonterra confirmed the appointment of Miles Hurrell as its chief executive officer with immediate effect on Tuesday last week.
He will be paid a base salary of $1.95 million, with additional short and long-term incentive payments based on the achievement of targets agreed with the board.
Hawke’s Bay farmer and Ballance director Sarah von Dadelszen tweeted that it was “awesome news”.
Awesome news. Great having such an fantastic nzer leading the coop. Well done Miles
— Sarah von Dadelszen (@dadelszen) March 5, 2019
NZ Agricultural Trade Envoy Mike Petersen describes the appointment as inspiring.
Inspired appointment and pleased to see @mwhurrell secured in this important role.
— Mike Petersen (@tepunamike) March 5, 2019
Former Fonterra communications head Kerry Underhill also congratulated Hurrell.
Big congrats Miles. Fantastic news and a great call by the Co-op.
— Kerry Underhill (@KerryUnderhill) March 5, 2019
Hurrell will get a base salary of $1.95 million, lower than that earned by his predecessor Theo Spierings, who recieved $8m in pay and bonuses during his last year at the co-op.
One Facebook user Lance Phillips described the salary as “a bargain… less than half of Theo’s salary”.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.
It's been a bumper season for maize and other supplements in the eastern Bay of Plenty.
Leading farmers from around New Zealand connected to share environmental stories and inspiration and build relationships at the Dairy Environment Leaders (DEL) national forum in Wellington last month.