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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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An outright sale of Fonterra’s global consumer business is more likely than a float, says Forsyth Barr senior analyst equities, Matt Montgomerie.
Fonterra says its earnings for the 2025 financial year are anticipated to be in the upper half of its previously forecast earnings range of 40-60 cents per share.
Fonterra has updated its plan to divest its global consumer business and integrated businesses, Fonterra Oceania and Fonterra Sri Lanka.
OPINION: Federated Farmers' latest farmer confidence survey results won’t surprise too many people.
The cost of producing milk in New Zealand continues to compare favourably with other exporting regions despite a lift in production costs over the past five years.
DairyNZ says potential benefits from gene technology must be carefully weighed against the risks of such technology.
Pleased, but cautious. That’s how PGG Wrightson chief executive Stephen Guerin says he’s feeling about the rural retailer’s latest financial result.
Commodity prices and interest rates play a huge role in shaping farmer confidence, but these factors are beyond their control, says Federated Farmers dairy chair Richard McIntyre.
DairyNZ is supporting a proposed new learning model for apprenticeships and traineeships that would see training, education, and pastoral care delivered together to provide the best chance of success.
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