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

Aussie farmers get A$8.60/kgMS as opening milk price

Australian dairy farmers supplying Fonterra are getting an opening weighted average milk price of A$8.60/kgMS for the new season or around NZ$9.26/kgMS -  NZ74c less than New Zealand suppliers, based on the current exchange rate.

Featured

LIC Space folds for good

Farmer co-operative LIC has closed its satellite-backed pasture measurement platform – Space.

Editorial: Time for common sense

OPINION: The case of four Canterbury high country stations facing costly and complex consent hearing processes highlights the dilemma facing the farming sector as the country transitions into a replacement for the Resource Management Act (RMA).

National

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…

» Latest Print Issues Online

The Hound

Are they serious?

OPINION: The Greens aren’t serious people when it comes to the economy, so let’s not spend too much on their…

A hurry up!

OPINION: PM Chris Luxon is getting pinged lately for rolling out the old 'we're still a new government' line when…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter