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.
Former Fonterra Co-operative Council chair Simon Couper is making a comeback to a governance role within the co-operative.
The Waipu farmer is one of two farmer shareholders elected unopposed to the co-op’s remuneration committee. The other is Shirley Trumper.
The committee recommends remuneration of Fonterra chair, board members and council members to farmer shareholders.
Couper stepped down as council chair in 2012, unhappy with some aspects of the proposed Trading Among Farmers (TAF), which was later approved by farmer shareholders.
Meanwhile current council chair John Stevenson, Wairarapa ward, is one of four councillors elected unopposed for another term.
The others are Kylie Leonard, Central Plateau, Don Moore, Eastern Southland and Grant Coombes, Waikato West. Andrew Myres is the new councillor for Waipa ward, elected unopposed.
Election is required in two wards; Sue McKay and Cushla Smith will battle it out in Southern Northland while Aleisha Bloomfield and Robert Cookson will contest Piako ward.
Voting starts Tuesday and closes 10.30am on November 7.
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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