With the surprise resignation of John Wilson, the Fonterra board has promoted long-time director John Monaghan as its new chair.
According to sources, O’Connor has reversed the Aussie trick of stealing NZ icons – pavlova, Phar Lap and Split Enz to name a few – and pilfered the idea for the PIC from across the Tasman. It appears the only difference between the Aussie original set up in 2014 and O’Connor’s not-so-cheap imitation is the name: over there it’s called the Agriculture Industry Advisory Group (AIAC). Meanwhile, the Hound hears reports from Australia that the AIAC is nothing but a glorified talkfest that has achieved very little for the primary sector there. Imagine this old mutt’s surprise – not.