Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
"While stepping down as a director, Leonie will remain a passionate and highly valued member of our co-op,” he says.
“A hard-working director, over the years she has chaired our safety and risk committee and been a member of the audit, finance and risk; co-operative relations; and people, culture and safety committees.
“She has also been a member of the milk price panel and served on the capital structure committee and divestment review committee.
“Always generous with her time and energy, Leonie made a personal sacrifice to give back to the co-op that she loves. We cannot thank her enough. I know Kieran and the family will be glad to get that time back, but I’m sure Leonie’s leadership qualities will not be lost to our industry,’’ says McBride.
