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.
A former chief executive of Australian dairy processor National Foods and Waikato dairy farmer Ashley Waugh has been elected to the Fonterra Board of Directors.
Waugh was a critic of Fonterra's performance during the election lead up and questioned why its payout was never substantially ahead of other milk processors.
Fonterra board chairman John Wilson and Nicola Shadbolt were incumbent directors who retained their seats, says returning officer Warwick Lampp, of electionz.com. Blue Read lost his seat and Greg Maughan and Murray Beach were unsuccessful.
Ashley Waugh lives and farms at Pokuru, near Te Awamutu. He is an experienced company director and dairy company executive, having previously worked for the New Zealand Dairy Board in a number of roles since 1991, and latterly as CEO of National Foods in Australia. Ashley is currently chairman of Moa Group Ltd, and a director of Seeka Kiwifruit Industries Ltd and The Heat Group Ltd (Australia).
Shareholders David Gasquoine and Stephen Silcock were elected unopposed as members of the Directors' Remuneration Committee.
In the Shareholders' Council elections, the following Shareholders' councillors were elected:
Ward 14 – Eastern Bay of Plenty Wilson James
Ward 17 – Northern Taranaki Kevin Turnbull
Ward 23 – Hawke's Bay Andrew Hardie
Ward 26 – Tasman/Marlborough Sue Brown
Andrew Hardie and Sue Brown are new shareholders' councillors.
In the eight other Shareholders' Council wards where elections were due, nominees were elected unopposed. The councillors in those wards are:
Ward 2 -Central Northland Penny Smart
Ward 5 - Hauraki / Coromandel Julie Pirie
Ward 8 - Matamata Grant Wills
Ward 11 - Te Awamutu Kevin Ferris
Ward 20 - Egmont Plains Rob Poole
Ward 29 - Ashburton Charles Whitehead
Ward 32 - Otago Ad Bekkers
Ward 35 - Western Southland Vaughan Templeton
All successful candidates will take office at the close of the annual meeting on Wednesday, November 25, 2015.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: In recent years farmers have been crying foul of unworkable and expensive regulations.
Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.