Friday, 25 May 2012 10:47

Fonterra ‘regrets’ Couper resignation

Written by 

Fonterra's chairman Henry van der Heyden says the board regrets Simon Couper's decision to stand down as Shareholders Council chairman.

"But if Simon is uncomfortable, he has done the right thing by the cooperative," he says.

"The board is grateful to Simon for his eight years of service to Fonterra."

Couper resigned yesterday after expressing reservations about TAF's ability to maintain 100% farmer control and ownership. The new chairman Ian Brown has expressed support for TAF.

Van der Heyden says the Shareholder Council had pulled out all stops to complete their due diligence on TAF in order to provide shareholders with their independent evaluation of the package before farmers had their final vote on June 25.

"When we are making such a significant decision to protect the cooperative, it is important that the board and council are able to stand shoulder to shoulder. So the board is delighted to have council's support," Sir Henry said.

"When we announced the special meeting we said that we wanted to have this final vote to unify the cooperative. With board and council unified on Trading Among Farmers we are now a long way down that track."

The notice of meeting pack will be mailed to shareholders at the end of next week and the board is encouraging all shareholders to exercise their vote and to have their say.

More like this

Fonterra's Chinese New Year boost

China's New Year celebrations were almost back on track this year, helping Fonterra record double growth digit growth in its consumer brands sales.

Dairy shines in Covid world

Consumers are flocking back to dairy products as Covid shines the light on health and wellness, says Tom Bailey, the new senior vice president for Southern Pastures.


GDT's rough ride in 2020

Incomplete deliveries and logistics disruptions were common issues for the 300 bidders on Global Dairy Trade auctions last year.

Uni farm to shed staff

The Lincoln University Demonstration Dairy Farm (LUDF) is looking to cut staff numbers as it adopts a new “lean” system…

Machinery & Products

Merlo goes greener

Obviously not wishing to get left behind by some of its competitors, Italian manufacturer Merlo is planning to add to…

» The RNG Weather Report

» Latest Print Issues Online

Milking It

Oat milk sells

OPINION: Fake milk works for some. Fashionable Swedish alt-milk brand Oatly is seeking a US stock market listing that could…

Labour shortage

If you think labour shortage on New Zealand dairy farms is unique to our country, then think again.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter