Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
MICHAEL SPAANS has been elected as the new director on the Fonterra Board of Directors.
Spaans, aged 50, lives in Hamilton and farms at Te Aroha. He was a Shareholders' Councillor from 2000 to 2008 and is currently a director of DairyNZ and several other dairy sector companies.
Shareholders voted to re-elect incumbent directors Malcolm Bailey and Ian Farrelly, says returning officer, Warwick Lampp, of electionz.com Ltd.
Shareholders Scott Montgomery and Gerard Wolvers were elected unopposed as members of the Directors' Remuneration Committee.
In the Shareholders' Council elections Rosss Wallis was elected in Ward 8 – Hamilton and Vaughn Brophy, Ward 21 – Coastal Taranaki.
Both are new Shareholders' Councillors.
In the 11 other Shareholders' Council wards where elections were due, nominees were elected unopposed. The councillors in those wards are:
Ward 3 - Northern Wairoa Penny Smart
Ward 6 - Hauraki Julie Pirie
Ward 9 - Morrinsville Malcolm Piggott
Ward 12 - Cambridge Kevin Monks
Ward 15 - South Waikato Ian Brown
Ward 18 - Otorohanga Duncan Coull
Ward 24 - Southern Taranaki David Werder
Ward 27 - Southern Manawatu Richard Syme
Ward 30 - Northern Central Canterbury Ange Ward
Ward 32 - Southern Canterbury John Gregan
Ward 33 - Otago Ad Bekkers and Ivan Lines
All successful candidates will take office at the close of the annual meeting on Wednesday, November 27, 2013.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.