Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Eleven candidates will contest three Fonterra board seats this year.
They are Blue Read, Donna Smit, Eric Ray, Grant Cochrane, Grant Rowan, Jacqueline Rowarth, Jan Marten Kingma, Lachie Cameron, Michael Spaans and the two incumbent directors John Wilson and Nicola Shadbolt.
As in previous years, the candidate assessment panel (CAP) process is available to independently assess the capabilities, experience and qualifications of any and all director candidates to help shareholders make informed votes. CAP is not compulsory for candidates.
The CAP results and candidate profiles will be mailed to Fonterra's eligible shareholders with voting papers on November 26 and will be displayed on Fencepost via www.fonterra.com.
Fonterra shareholders can meet candidates and ask questions at directors' election candidate meetings scheduled for December 3-7.
Shareholders can vote by internet, fax or post. Voting is by the single transferable vote method. Voting is open from 10.30am November 26 to 10.30am December 15.
Results will be announced at the annual meeting on December 17.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
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