Displaying items by tag: Fonterra

Fonterra chairman John Wilson says as a farmer he is angry and disappointed with today's arbitration decision over the false botulism scare in 2013.

Fonterra has lowered its forecast earnings per share following a ruling against it in favour of Danone for $183 million in damages.

Danone has been awarded damages from Fonterra Co-operative Group totaling $183 million – fall-out from Fonterra’s product recall of 2013.

Fonterra Co-operative Group Limited has requested an immediate trading halt to be applied to their securities on the ASX, the NZX and the Fonterra Shareholders Market.

While overall dairy exports from New Zealand and Australia are declining, the European Union is showing strong export growth, says Fonterra’s November Global Dairy Update.

In reflecting on the salary package/bonuses paid to Theo Spierings in the past season it is important to understand that the Fonterra business is owned by shareholders who empower a board to act on their behalf.

Fonterra chief executive Theo Spierings has been appointed chairman of Global Dairy Platform (GDP).

Sadly, our cooperative has lost one of our strongest people with former director Michael Spaans passing away last week.

Even when ill, DairyNZ chairman Michael Spaans still made an effort to add value to the organisation.

Fonterra executive, Jason Minkhorst will join Ballance Agri-Nutrients early next year as its new general manager sales.