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.
Fonterra Shareholders Council chairman Duncan Coull has been re-elected unopposed for another 12-month term.
Coull says he’s excited and energised about the year ahead.
“I look forward to leading the council as we consolidate the hard work that has been undertaken over the past 12 months.
“I’m very mindful of the responsibility this role carries and I will continue to put the interests of our shareholders at the forefront of all actions council undertakes throughout the year.”
The council has a new deputy chairman – Ivan Lines who was first elected to the council in 2013 to represent Fonterra farmers in Northern Southland. Lines will replace Greg Kirkwood who stepped down after two terms.
Lines thanked fellow councillors for putting their faith in him.
“I look forward to supporting our chairman in this important leadership role.”
Coull praised the contribution Kirkwood made during his tenure and backed Lines to step seamlessly into the position.
“Greg’s support has been invaluable to me especially during the recent Governance and Representation review and I thank him for his hard work, dedication and assistance.”
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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