Wednesday, 27 July 2022 12:55

Fonterra director to step down

Written by  Staff Reporters
Donna Smit Donna Smit

Fonterra director Donna Smit is retiring after serving six years on the board.

The Bay of Plenty farmer was first elected to the board in 2016.

Smit will also step down from her role as a Fonterra appointed director of FSF Management Company Limited, manager of the Fonterra Shareholders’ Fund.

Smit says she has been honoured to serve her fellow farmer shareholders for the past six years and thanked farmers for their support.

“I’m proud of the progress we have made as a board over the past six years and my contribution as part of that team.

“While there’s always more that can be done, I believe the co-op is in a relative position of strength compared to when I joined the board. “It’s the right time to support another farmer to come through and make a contribution to our great co-op.

“We have an incredible pool of diverse leaders within our farmer base, and I’d encourage them to consider putting themselves forward.”

Fonterra Chairman Peter McBride thanked Smit for her contribution through a period of significant change for the co-op.

“Donna has been a valued member of our board at a critical juncture for the co-op as we have overseen the reset of the co-op’s culture, long-term strategy, governance and risk settings, and our capital structure.”

Another sitting farmer director, Andy Macfarlane’s current three-year term also ends in November; he has decided to stand again.

Nominations for Fonterra’s director elections open on 5 August.

More like this

Fonterra updates earnings guidance

Fonterra has updated its earnings guidance for the 2022 financial year that ended on 31 July 2022, indicating that earnings will be towards the top end of its current guidance of 25 – 35 cents per share.

Fonterra revamps management team

Fonterra has completed a revamp of its executive management team with the appointment of Emma Parsons in the new role of managing director strategy and optimisation.

National

Genetics focus boosts herd

A strong focus on genetics and DNA has paid dividends for Fernside dairy farmer Julie Bradshaw with four of her…

Machinery & Products

A baler like no other

While baler-wrapper combinations have become the backbone of baled silage production, one machine stands out from the rest in the…

Small bales in demand

While round or large square bales have the dominant shares in the rural landscape, small square bales still play an…

Amazone's one-pass operation

Ag machinery maker Amazone has paired up its Precea precision air seeder and Combi-Disc 3000 compact disc harrow to deliver…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

$1m remains unpaid

OPINION: A group of New Zealand farmers who collectively sold $1 million worth of cattle to a live export company…

Too close for comfort

OPINION: One vet believes the threat of foot-and-mouth entering New Zealand is much higher than what authorities tell the public.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter