Thursday, 29 November 2018 12:12

Fonterra’s next chairman?

Written by Rural News Group

font size decrease font size increase font size

Has Fonterra's new director Peter McBride just strengthened his case to become the co-op’s next chairman?

At last week’s Deloitte Top 200 Awards, McBride won the Chairperson of the Year award, and Zespri was crowned Company of the Year. McBride will step down next February as Zespri chairman.

Fonterra shareholders are keen to see a seismic shift in Fonterra’s direction and fortunes.

McBride was appointed to the board last month — the only one of the three board-anointed candidates to get through.

Is chairman McBride the answer? Only time will tell.

More like this

Fonterra's record forecast organic milk price

Fonterra has announced a record forecast opening organic milk price of $12.30/kgMS for the new season.

Aussie farmers get A$8.60/kgMS as opening milk price

Australian dairy farmers supplying Fonterra are getting an opening weighted average milk price of A$8.60/kgMS for the new season or around NZ$9.26/kgMS - NZ74c less than New Zealand suppliers, based on the current exchange rate.

Record $10/kgMS milk price forecast means extra cash for Fonterra farmers

A record $10/kgMS opening forecast milk price for the new season means more money into Fonterra farmers pockets early, says Federated Farmers dairy chair Richard McIntyre.

Solid third quarter result for Fonterra

Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.

Bakers prefer butter, helping prices soar

Consumers around the world are willing to pay more for products containing dairy and this is driving demand for butter and cream, says Fonterra.

Featured

Fieldays 2025 theme showcases global impact of agriculture

Fieldays 2025 opens this week with organisers saying the theme, 'Your Place', highlights the impact the event has on agriculture both in the Southern Hemisphere and across the globe.

Hastings’ Sam Carter wins Hawke’s Bay 2025 Young Grower Regional Title

Sam Carter, assistant manager for T&G's Pakowhai Sector, has been named the Hawke's Bay 2025 Young Grower of the Year.

Apples and Pears NZ to focus on boosting grower returns

The CEO of Apples and Pears NZ, Karen Morrish, says the strategic focus of her organisation is to improve grower returns.

NZ scientists make breakthrough in Facial Eczema research

A significant breakthrough in understanding facial eczema (FE) in livestock brings New Zealand closer to reducing the disease’s devastating impact on farmers, animals, and rural communities.

LIC Space folds for good

Farmer co-operative LIC has closed its satellite-backed pasture measurement platform – Space.

Editorial: Time for common sense

OPINION: The case of four Canterbury high country stations facing costly and complex consent hearing processes highlights the dilemma facing the farming sector as the country transitions into a replacement for the Resource Management Act (RMA).

National

New National Fieldays CEO excited to lead iconic four-day event

Newly appointed National Fieldays chief executive Richard Lindroos says his team is ready, excited and looking forward to delivering the…

No regrets choosing cows over boardroom

Winning the 2025 New Zealand Share Farmers of the Year still hasn't sunk in for Thomas and Fiona Langford.

Taranaki farmers face uncertain outlook despite grass growth after drought

The grass may be growing again in the drought-stricken coastal area of Taranaki, but the outlook for many farmers there…

Doctors and rural women welcome pre-Budget boost for urgent and after-hours care

Doctors and rural women are welcoming the recent pre-budget announcement from the Government that it would be boosting funding to…

DairyNZ Farmers Forum underway

Over 300 farmers and rural professionals have gathered in Hamilton for the first DairyNZ Farmers Forum for this year.

Machinery & Products

Shearing legend hooked on CanAm

Sir David Fagan, world-renowned competitive sheep shearer with 642 shearing titles worldwide and a knighthood to his name, now runs…

Advanced seeding technology on show

Available as part of the Lemken portfolio, a leading name in advanced seeding technology, Equalizer, sees its CII 8/762N Planter…

50 years of tractor pull

This year, the Fieldays Tractor Pull, in association with PTS Logistics, mark a major milestone – 50 years of crowd-thrilling…

New design Claas tractors set for Fieldays debut

Well known for its dominance in the harvesting arena, Claas has channelled its engineering excellence and a deep knowledge of…

The Wrangler's birthday bash

It's the Wrangler Limited’s 30th birthday and to celebrate the milestone a prototype of the E Series Wrangler - a…