Fonterra on track for divestment despite global market turmoil
Despite the turmoil in global markets, Fonterra is continuing with a dual track process to divest its multi-billion dollars consumer businesses.
FORMER FONTERRA director Greg Gent has been elected to the board of Southern Cross Medical Care Society, New Zealand’s largest health insurer with around 830,000 members.
Gent retired from Fonterra’s board at November’s annual meeting after ten years on the cooperative’s top table.
Southern Cross says Gent has a strong record of governance experience in mutual/co-operative businesses, insurance and health, currently chairing Farmers Mutual Group and sitting on the Northland District Health Board.
“Greg will be a very valuable addition to the Board,” says Southern Cross chairman Graeme Hawkins.
“His combination of experience, particularly in the governance of large, complex mutual businesses, aligns very well with the needs of Southern Cross.”
Gent replaces Mark Verbiest, who retired from Southern Cross to focus on his new role as Chair of Telecom.
After 20 years of milking cows, Northland farmer Greg Collins is ready to step into the governance side of dairy.
For some Canterbury teenagers, their career is being shaped by hands-on experience in a sector they are passionate about - dairy farming.
Dairy farmers will be paying a new levy rate of 4.5c/kgMS - an extra 0.9c/kgMS - to industry-good body DairyNZ from June 1 this year.
The 'atmospheric river' of rain that swept down the country last week almost completely avoided one of the worst drought-affected regions in the country – coastal Taranaki.
Much-needed rain finally arrived in Northland, giving many farmers breathing space to get themselves back on track for next season.
Despite the turmoil in global markets, Fonterra is continuing with a dual track process to divest its multi-billion dollars consumer businesses.
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