Fonterra’s Pierre Venter named next vice chancellor of Massey University
The head of Fonterra's R&D facility in Palmerston North is set to literally cross the road and become the new vice chancellor at Massey University.
However, the Hound suggests that while moves by Fonterra to save money and help returns to its shareholders is for the most part a good thing, some of its austerity measures border on penny-pinching stupidity. One example is the way it treats farmer members of the Shareholders Council. Despite the fact these councillors regularly fly from all parts of the country to meet at Fonterra HQ in Auckland, the dairy co-op does not stump up for Koru club membership. And when the councillors arrive at Auckland airport they then have to take a bus into town for their meetings at Fonterra’s head office ‘gumboot castle’!
