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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.
Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
Canterbury farmer Michelle Pye has been elected to Fonterra’s board for a three-year term.
The Fonterra divestment capital return should provide “a tailwind to GDP growth” next year, according to a new ANZ NZ report, but it’s not “manna from heaven” for the economy.
Fonterra's Eltham site in Taranaki is stepping up its global impact with an upgrade to its processed cheese production lines, boosting capacity to meet growing international demand.
Horticulture New Zealand (HortNZ) says a new report projects strong export growth for New Zealand's horticulture sector highlights the industry's increasing contribution to the national economy.
Fonterra shareholders say they will be keeping an eye on their co-operative's performance after the sale of its consumer businesses.
T&G Global says its 2025 New Zealand apple season has delivered higher returns for growers, reflecting strong global consumer demand and pricing across its Envy and Jazz apple brands.
New Zealand's primary sector is set to reach a record $62 billion in food and fibre exports next year.
A new levying body, currently with the working title of NZWool, has been proposed to secure the future of New Zealand's strong wool sector.
The most talked about, economically transformational pieces of legislation in a generation have finally begun their journey into the statute books.
