Monday, 24 September 2018 12:14

Five-way battle for three Fonterra board seats

Written by  Sudesh Kissun
Leonie Guiney. Leonie Guiney.

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.

 

More like this

Fonterra lifts global ranking

At least some not-bad news for Fonterra: the co-op has climbed to fourth-largest in the world’s dairy company rankings.

Payout unchanged, dividend axed

Farmgate milk price forecasts remain unchanged despite Fonterra’s decision to not pay a dividend for the 2018-19 season, says chief executive Miles Hurrell.

 
 

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Milk on tap

The days of cafes getting milk in plastic bottles may be numbered if two young Dunedin entrepreneurs have their way.

Behind the eight ball

Global animal health company DSM says it has a product that can help reduce emissions from cows by up to…

» Connect with Dairy News