Divestment means Fonterra can focus on its strengths
OPINION: Fonterra's board has certainly presented us, as shareholders, with a major issue to consider.
Fonterra chairman John Wilson says as a farmer he is angry and disappointed with today's arbitration decision over the false botulism scare in 2013.
Speaking at a media conference with chief executive Theo Spierings, Wilson said the decision did not fully recognise the terms of supply agreement between Fonterra and Danone.
However, Wilson says he accepts the decision to award Danone $183 million in damages.
“We will now turn our attention to delivering the best possible returns for our farmers despite this outcome,” he says.
He added that Fonterra’s management is also committed to this.
Wilson and the management team briefed the Shareholders Council on the arbitration decision before the media conference.
He says there is also frustration among shareholders.
Danone sought damages for recalling products; the precautionary recall was a result of a false test from a third party.
Listed rural trader PGG Wrightson chair Garry Moore and his deputy Sarah Brown have been voted out by shareholders.
It was love that first led Leah Prankerd to dairying.
DairyNZ has appointed Dr Jenny Jago to a newly created leadership team role - science partnerships & impact advisor - as part of a strategic refresh of the organisation's science leadership.
OPINION: Public pressure has led to Canterbury Police rightly rolling back its proposed restructure that would have seen several rural police stations closed in favour of centralised hubs.
When I interview Rachel Cox, she is driving - on her way to her next meeting.
With Fonterra's UHT plant at its Edendale site less than a year from completion, demand continues to grow for products the plant will produce, such as Anchor Whipping Cream.
OPINION: Ageing lefty Chris Trotter reckons that the decision to delay recognition of Palestinian statehood is more than just a fit…
OPINION: A mate of yours truly recently met someone at a BBQ who works at a big consulting firm who spent…