Fonterra cements position as the big cheese!
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
Fonterra director Donna Smit has announced her retirement from the co-operative board.
Smit will step down at the co-operative’s annual general meeting on November 10 after six years on the board.
She will also retire as a Fonterra appointed director of FSF Management Company Limited, manager of the Fonterra Shareholders’ Fund.
Smit says she has been honoured to serve her fellow farmer shareholders for the past six years and thanked farmers for their support.
“I’m proud of the progress we have made as a board over the past six years and my contribution as part of that team.
“While there’s always more that can be done, I believe the co-op is in a relative position of strength compared to when I joined the board. It’s the right time to support another farmer to come through and make a contribution to our great co-op.
“We have an incredible pool of diverse leaders within our farmer base, and I’d encourage them to consider putting themselves forward.”
Smit’s retirement creates a vacancy on the board. Another sitting farmer director, Andy Macfarlane’s current three-year term also ends in November: he has confirmed his intention to re-stand for a third term.
Nominations for Fonterra’s director elections open on 5 August.
Fonterra chairman Peter McBride thanked Smit for her contribution through a period of significant change for the co-op.
“Donna has been a valued member of our board at a critical juncture for the co-op as we have overseen the reset of the co-op’s culture, long-term strategy, governance and risk settings, and our capital structure.
Smit lives and farms at Edgecumbe and has built and owns five dairy farms in Eastern Bay of Plenty and Oamaru.
Farmer-led charity, Meat the Need is calling for donations to enable it to supply more meals to families in need.
Weaker pricing and demand from China continue to impact New Zealand red meat export earnings.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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