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.
OUTSPOKEN SOUTH Canterbury farmer Leonie Guiney has been elected to the Fonterra board.
Fonterra shareholders have also retained sitting directors John Monaghan and David MacLeod. Three candidates – Grant Rowan, Gray Baldwin and Gary Reymer - missed out; director voting figures are not released by the co-op.
Guiney lives and farms near Fairlie where she is director of four dairy farming companies. She has previous experience as a consulting officer, dairy production lecturer and has studied overseas cooperatives in the Netherlands and Ireland. Guiney was the 2014 winner of the low-input Dairy Business of the Year.
A passionate supporter of Fonterra's co-op model, she was vocal during the TAF process, speaking out against selling share units to investors. TAF was passed by 64% of Fonterra shareholders.
Guiney will join the board at Fonterra's annual meeting in Palmerston North tomorrow.
Shareholders Murray Holdaway and Philip Wilson were elected unopposed as members of the Directors' Remuneration Committee.
In the Shareholders Council elections, Penny Smart, Malcolm Piggott, Wilson James and Ellen Bartlett were elected.
After a decade of consultation and court battles, Environment Southland has officially adopted a plan to prevent further decline in the region's water quality.
Farmers are throwing down the gauntlet to politicians - hold an independent inquiry into rural bank lending or face tough questions from the farming sector.
China’s Ambassador Wang Xiaolong says bilateral economic and trade cooperation between China and New Zealand has made significant and rapid progress.
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.