Fonterra appoints new CFO
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
Former Fonterra director Leonie Guiney is standing for the co-op’s director elections.
Guiney and corporate farmer John Nicholls self nominated for the board elections.
They will go against the three candidates nominated by Fonterra’s board and Shareholders Council; Peter McBride, Jamie Tuuta and sitting director Ashley Waugh.
Two sitting directors- former chairman John Wilson and Nicola Shadbolt are retiring from the board. Each year three farmer-elected directors retire by rotation.
Guiney, who served on the board for three years, failed to win board nomination last year.
Following the completion of the Self Nomination Process for the 2018 Directors’ Election Process, there are five candidates standing for three places on the Fonterra Board in 2018.
The forthcoming election will now require Fonterra shareholders to consider the five candidates. To be elected to the Board each candidate must receive more than 50% shareholder support. If more than three candidates receive more than 50% shareholder support the three candidates with the highest levels of support will be elected.
Fonterra shareholders have the opportunity to meet candidates at seven locations throughout the country, starting in Invercargill on October 23.
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Females are dominating the veterinary profession worldwide and many farmers are welcoming this change in the composition of the profession, says Britain's Chief Veterinary Officer (CVO) Professor Christine Middlemiss.
A five-year randomised survey of herbicide resistance on New Zealand arable farms has found widespread high levels of resistance - with 71% of farms affected in the worst-hit region - South Canterbury.
OPINION: The recent Federated Farmers / Rabobank 2024 Farming Salaries Report revealed strong growth in farm salaries over the past two years.
The low unemployment environment is one of the key factors driving on-farm salaries higher over the past 24 months, says Rabobank general manager for country banking Bruce Weir.
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.