Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra is set to lose two more executives.
The co-op's president greater China and managing director Asia Middle East Africa, Johan Priem, will retire next month.
Jacqueline Chow, newly-appointed chief operating officer global consumer and foodservice, will leave in early 2017 to return to Australia.
The departures herald a smaller seven-member executive group, says chief executive Theo Spierings. They will focus on achieving the co-op's ambition, he says.
"This is the right step in our evolution. We're keeping farmers at the heart of our co-op while focusing on our global customers and consumers."
Coming to the fore are managing director Oceania Judith Swales and group director cooperative affairs Miles Hurrell.
Swales, who led the streamlining of the co-op's Australian business, is the new chief operating officer velocity and innovation. Hurrell is now chief operating officer Farm Source.
Spierings says Chow, due to leave in early 2017, had been "instrumental in driving our transformation agenda [but] clear about her intention to retire from executive life". Until then "our co-op stands to benefit greatly from her wealth of consumer and business experience".
Swales will manage the co-op's transformation and disruption agenda, and all R&D and technology.
"With Judith heading up velocity and innovation we will get an end-to-end view of our efforts to drive efficiency... and a strategic view of game changing business models."
Meanwhile Alex Turnbull will continue to head Fonterra's Latin American business as part of the global consumer and foodservice business unit but will leave the executive team.
Kelvin Wickham, previously managing director of global ingredients, whose role and position remains unchanged, is now chief operating officer NZMP.
Robert Spurway, previously managing director global operations, is now chief operating officer global operations.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: In recent years farmers have been crying foul of unworkable and expensive regulations.
Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.