Survey shows most Fonterra farmers plan to use capital return for debt reduction
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
"Simon is a man of honour and it speaks volumes that he stuck to his guns under what is an intense pressure cooker environment," says Leferink.
"That's something I know only too well. The lobbying is frankly unbelievable from all sides.
"Simon is a hard working and intelligent man who believes strongly in Fonterra as a 100% farmer controlled cooperative."
