Tuesday, 13 August 2024 12:55

Nominations open for director elections

Written by  Staff Reporters
Nominations are now open for Fonterra's director elections. Nominations are now open for Fonterra's director elections.

Nominations for Fonterra’s director elections are open.

This year, three farmer directors retire by rotation. However, only two seats will be contested as Fonterra’s board size reduces from 11 to 9 – to comprise of six farmer-elected and three independent directors.

As a result of these changes, at this year’s director elections, shareholders will be asked to elect two farmer-elected directors.

This year, sitting directors Leonie Guiney, John Nicholls and chair Peter McBride retire by rotation. Both Nicholls and McBride have confirmed their intention to re-stand for consideration as directors.

Guiney is stepping down after serving nine years as per Fonterra’s board charter.

Long serving independent director, Clinton Dines has also completed the maximum nine-year term. Dines leaves the board at the annual general meeting in November, and therefore will not be replaced. McBride thanked Dines for his contributions.

More like this

Winston Peters questions Fonterra divestment plan

Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.

Editorial: A new era for two co-ops

OPINION: Farmer shareholders of two of New Zealand's largest co-operatives have an important decision to make this month and what they decide could change the landscape of the dairy and meat sectors in New Zealand.

Should co-op sell its consumer brands?

OPINION: As CEO of the Dairy Board in the 1980s I was fortunate to work with a team of experienced and capable executives who made most of the brand investments that created the international consumer business Fonterra inherited. Soprole in Chile was the largest, but there were more than 20 countries where consumer marketing companies were established and Anchor and other brands were successfully launched.

Featured

'One more push' to eliminate FE

Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.

Winston Peters questions Fonterra divestment plan

Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Quid prod quo?

OPINION: Ageing lefty Chris Trotter reckons that the decision to delay recognition of Palestinian statehood is more than just a fit…

Deadwood

OPINION: A mate of yours truly recently met someone at a BBQ who works at a big consulting firm who spent…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter