Beef + Lamb NZ director voted out
Sitting Beef + Lamb NZ farmer director Scott Gower has been voted out by farmers.
Listed carpet maker Bremworth has been rocked by a call from some shareholders for a board revamp.
A group of shareholders wrote to chair George Adams over the weekend calling for a special meeting to elect a new board.
Agri business leader Rob Hewett, who shareholders want to take over as the new chair, says they have consulted shareholders holding about 35% of shares.
“We haven’t taken this step lightly,” says Hewett.
“We have consulted with shareholders holding approximately 35% of the share register so far. “Each shareholder with whom we have consulted has supported our call for a meeting. This has given us the confidence and determination to proceed.”
Other new board members proposed in the letter to Adams are Trevor Burt, Julie Bohnenn and Murray Dyer. The proposed board will be advised by experienced carpet industry experts Warwick Norman and Craig Woolford.
According to the letter written to Adams, the request for the current board to step down “follows years of poor operational performance, erratic strategic direction and substandard execution” under the stewardship of Bremworth’s current board.
“With the final insurance payout of $42 million just received, and a newly announced strategic review (which follows a strategic review undertaken by the board in 2023), the requisition calls for an immediate board change.
“The new board will work with management to prioritise disciplined financial management, lead a comprehensive market and business review and evaluate other options to initially preserve, then increase shareholder value.
“Too many shareholders continue to be dissatisfied with the company’s financial and business performance. The most recent results reinforce the lack of confidence in the current board’s ability to deliver satisfactory outcomes. Financial performance continues to deteriorate.”
Hewett, the outgoing chair of Silver Fern Farms, also chairs Farmlands and was recently appointed chair of AgriZero.
Sitting Beef + Lamb NZ farmer director Scott Gower has been voted out by farmers.
The New Zealand Veterinary Association (NZVA) says it will be working alongside the Ministry for Primary Industries (MPI) and Animal and Plant Health New Zealand (APHANZ) as they attempt to improve access to veterinary medicines.
Federated Farmers says it welcomes a recent court decision which granted a stay on rules in the Southland Water and Land Plan until legislative changes can be made by government.
A holistic approach to sustainability sees Pukatea Dairy Farms take out the top award at this year's Canterbury Ballance Farm Environment Awards.
Registrations are now open for the highly anticipated South Island Dairy Event (SIDE) 2025, taking place April 7-9 in Timaru.
Scientists from the Ministry for Primary Industries (MPI) are part of an international team working to develop a low-cost diagnostic tool that could significantly improve food crop production in developing countries.
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