Lactalis in front to acquire Fonterra’s Australian dairy assets after ACCC clearance
The world's largest dairy company may be in pole position to acquire Fonterra's Australian assets.
Fonterra chairman Peter McBride claims an uncontested director election this year reflects the calibre of the two board members up for re-election.
Sitting Fonterra board members Brent Goldsack and Cathy Quinn are unopposed.
However, as this is an uncontested election, under Fonterra’s board election rules, both sitting directors must gain more than 50% support of votes cast to serve another three-year term.
When nominations for the non-assessment process closed last month, Goldsack and Quinn were the only two candidates. This is the first time in the co-op’s history that director elections have not been contested.
McBride told Rural News that while shareholders believe their co-op is well governed, it also reflects the skill sets of Goldsack and Quinn.
“No one else came through the nomination process; that shows the co-op is well governed and the calibre of the incumbents,” he says.
Fonterra Co-operative Council chair John Stevenson is also unopposed for another three-year term on the council.
Meanwhile, former Fonterra Co-operative Council chair Simon Couper is making a comeback to a governance role within the co-operative, 11 years after resigning as chair. Couper stepped down as council chair in 2012, unhappy with some aspects of the proposed Trading Among Farmers (TAF), which was later approved by farmer shareholders.
Voting Packs containing candidate profiles will be mailed to eligible shareholders from Monday. Shareholders can vote online or by post from Tuesday, October 17. Voting closes at 10.30am on Tuesday, 7 November 2023 with the results being announced later that day.
Two butcheries have claimed victory at the 100% New Zealand Bacon & Ham Awards for 2025.
A Taupiri farming company has been convicted and fined $52,500 in the Hamilton District Court for the unlawful discharge of dairy effluent into the environment.
The Climate Change Commission’s 2025 emissions reduction monitoring report reveals steady progress on the reduction of New Zealand’s climate pollution.
Another milestone has been reached in the fight against Mycoplasma bovis with the compensation assistance service being wound up after helping more than 1300 farmers.
The Government’s directive for state farmer Landcorp Farming (trading as Pamu) to lifts its performance is yielding results.
The move to bring bovine TB testing in-house at Ospri officially started this month, as a team of 37 skilled and experienced technicians begin work with the disease eradication agency.
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