Displaying items by tag: Fonterra

Sitting Fonterra directors Donna Smit and Andy Macfarlane have been announced as two of the four independently assessed candidates for the 2019 Fonterra board elections.

Fonterra's Trading Among Farmers (TAF) was a flawed proposition from the outset, says Agriculture Minister Damien O’Connor.

The Fonterra shareholders council announced last week that elections will take place in 10 of its 25 wards.

It seems other dairy processors in New Zealand and elsewhere are doing fine while Fonterra struggles to keep its head above water.

Fonterra's woes are also worsening in Australia.

The time has come to reduce aspects of Fonterra’s regulatory burden, National’s Agriculture spokesperson Todd Muller says.

Politician Shane Jones says his position as Associate Minister of SOEs, including Landcorp (Pāmu), gives him the right to have a crack at the quality of Fonterra’s farmer governance.

Fonterra's biggest shareholder, ex-director Colin Armer, says it’s unbelievable the co-op’s directors and management have lost so much money.

Fonterra's efforts to rein in costs now see it turning the screws on staff by suspending bonuses and pay rises for its top earners.

Fonterra chief executive Miles Hurrell has told co-op employees that more work is needed to turn the business around.