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Fonterra chairman Henry van der Heyden has announced his intention to step down in a year's time.
He made the announcement at today's Fonterra annual general meeting at Whangarei. Van der Heyden will hand over to an as-yet-unnamed successor at the 2012 AGM.
Van der Heyden's retirement as chairman will follow on from the recent replacement of CEO, with Theo Spierings replacing Andrew Ferrier.
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OPINION: You're never as good as when you're dead, and with due respect to Theo Spierings' family, the Hound can't let the death of the former Fonterra CEO pass without mentioning the parlous state he left Fonterra in when he exited in 2018 - having pocketed well north of $30 million over seven years.
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Organics Aotearoa New Zealand (OANZ) says the Government’s new gene editing and genetic modification reforms could leave New Zealand as an outlier on the global stage.
Weaker milk production in the Northern Hemisphere is keeping dairy prices high.
Fonterra's proposed sale of its global consumer business could fetch over $3 billion but not all proceeds will end up in the pockets of farmer shareholders.
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