Fonterra’s exit from Australia ‘a major event’
Fonterra’s impending exit from the Australian dairy industry is a major event but the story doesn’t change too much for farmers.
Rabobank New Zealand has appointed the bank's global chief compliance officer Angelique Meddeler to its board.
Announcing the new appointment, Rabobank New Zealand chair Chris Black says Meddeler's extensive experience in international banking across a diverse range of roles - coupled with her strong knowledge of the "regulatory landscape" - made her an ideal fit for the board.
Meddeler, who is based in Utrecht in the Netherlands, has 30 years' experience in global retail and wholesale banking and joined Rabobank in December 2021 in the role of chief compliance officer.
She had previously spent more than 25 years with ING Bank, serving in a wide range of roles including Global FEC/AML (financial economic crime/anti-money laundering) lead for ING retail and wholesale worldwide, global head client services wholesale banking, head of international business clients and head of marketing retail/business clients.
Part of the global co-operative Rabobank Group, Rabobank NZ is one of the country's agricultural banks and a major provider of corporate and business banking services to the food and agribusiness sectors. It also operates online retail savings and deposits business Rabobank Online Savings. In addition to chair Chris Black, Meddeler joins other directors of Rabobank NZ - Tim Deane, Brent Goldsack, Geerten Battjes and Rabobank regional manager for Australia & New Zealand, Mark Wiessing.
Agrisea NZ has appointed Craig Hudson as it's new chief growth officer.
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
Tony Aitken, chief executive of Ruralco, has been awarded the Excellence in Business Leadership Award at the ANZ Business of the Year Awards.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.

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