Thursday, 24 May 2012 16:03

TAF trouble as Couper quits

Written by 

In a blow to Fonterra's trading among farmers (TAF) proposal, Simon Couper has resigned his position as Chair of the Fonterra Shareholders' Council effective immediately.

Couper's unexpected resignation came about due to his "lack of comfort with some aspects of the Trading Among Farmers proposal".

The Council today endorsed Council's Deputy Chair, Ian Brown to move into the position of Chair.

Fonterra has had trouble quelling unrest among its shareholder base about the detail of TAF and has already had to take it back to a second vote, which is due in June. Couper's departure will be seized upon by the TAF opponents that Fonterra has positioned as "a vocal minority".

As statement issued by Couper's replacement, Ian Brown, simply says "the Council would like to thank Simon for the dedication he brought to the Council over the past eight years."

More like this

No backing down

OPINION: Fonterra isn't backing down in its fight with Greenpeace over the labelling of its iconic Anchor Butter.

Entitled much?

OPINION: For the last few weeks, we've witnessed a parade of complaints about New Zealand's school lunch program: 'It's arriving late.' 'The portions are wrong.' 'I wanted caviar.'

Fonterra mulls options - sale or IPO

An outright sale of Fonterra’s global consumer business is more likely than a float, says Forsyth Barr senior analyst equities, Matt Montgomerie.

Fonterra updates earnings

Fonterra says its earnings for the 2025 financial year are anticipated to be in the upper half of its previously forecast earnings range of 40-60 cents per share.

Featured

DairyNZ supports vocational education reforms

DairyNZ is supporting a proposed new learning model for apprenticeships and traineeships that would see training, education, and pastoral care delivered together to provide the best chance of success.

National

Chilled cow cuts enter China

Alliance Group has secured greater access for chilled beef exports into China following approval of its Levin and Mataura plants…

New CEO for Safer Farms

Safer Farms, the industry-led organisation dedicated to fostering a safer farming culture, has appointed Brett Barnham as its new chief…

Machinery & Products

AGCO and SDF join hands

Tractor and machinery manufacturer AGCO has signed a supply agreement with the European-based SDF Group, best known for its SAME,…

» Latest Print Issues Online

The Hound

Sacrificed?

OPINION: Henry Dimbleby, author of the UK's Food Strategy, recently told the BBC: "Meat production is about 85% of our…

Entitled much?

OPINION: For the last few weeks, we've witnessed a parade of complaints about New Zealand's school lunch program: 'It's arriving…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter