Wednesday, 01 August 2012 11:14

Armer resignation ‘disappointing’

Written by Sudesh Kissun

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Fonterra chairman, Henry van der Heyden says while the co-op is disappointed with Colin Armer's resignation, it respects his decision.

Van der Heyden says Armer has been on the board for six years and during that time has made a significant contribution to the progress of Fonterra.

"While we are disappointed that Colin has chosen to resign we respect his decision."

A replacement for Armer will be chosen at Fonterra's annual meeting later this year.

Armer was one of the three directors up for re-election this year. Others are chairman-elect John Wilson and Nicola Shadbolt.

Armer was one of the leading contenders for the Fonterra chairmanship. However, the board last week picked Wilson.

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