Eroding share of milk worries Fonterra shareholders
Fonterra shareholders are concerned with a further decline in the co-op’s share of milk collected in New Zealand.
Guiney won the Fonterra board elections along with two sitting directors- John Monaghan and David McLeod.
She took up her new position at Fonterra's annual meeting in Palmerston North today.
Guiney, an outspoken farmer from Fairlie, South Canterbury, has attacked Fonterra policies in the past.
She told the meeting that despite having issues with Fonterra's management, farmer shareholders were committed to the co-op.
"They are committed as long as they get a hearing," she says.
She noted that was essential for the co-op to be open for "two-way engagement".
