Why Fonterra accepted defeat in the dairy aisle
OPINION: Fonterra's sale of its consumer dairy business to Lactalis is a clear sign of the co-operative’s failure to compete in the branded consumer market.
Fonterra farmers have elected Canterbury farmer John Nicholls to the board.
Nicholls received 53% support in the second director election; the other candidate Jamie Tuuta received 37% support.
Nicholls’ election means Fonterra farmers have only elected one of the three candidates recommended by Fonterra directors and the Shareholders Council this year.
The outcome also raises questions on the independent candidate assessment panel (CAP), which interviews potential candidates and recommends them to the board and council.
Outgoing Zespri chairman Peter McBride is the only successful candidate recommended by the CAP process and backed by the board and councillor.
McBride was successful in the first election along with Leonie Guiney, who like Nicholls, self-nominated with the backing of farmer shareholders.
Former Fonterra director Ashley Waugh, who was unsuccessful in the first election, and Tuuta were recommended by the CAP process and Fonterra’s board.
The first election saw only two successful candidates declared forcing the council to run a second election to fill a third vacancy on the board.
Returning Officer Warwick Lampp, of electionz.comLtd, declared the final result of the second 2018 election today.
The voting return was 64.10% by milk solids, being 5,324 votes cast from 9,347 shareholders of which 79.19% voted via the internet and 20.81% voted by post.
Nicholls was a previous Fonterra Shareholders Councillor and is currently chair of MHV water, NZ’s largest inter-generational irrigation co-operative providing water to 50,000ha in Ashburton District.
He takes up his position on the board immediately.
An independent report, prepared for Alliance farmer shareholders is backing the proposed $250 million joint venture investment by Irish company Dawn Meats Group.
Whangarei field service technician, Bryce Dickson has cemented his place in John Deere’s history, becoming the first ever person to win an award for the third time at the annual Australian and New Zealand Technician of the Year Awards, announced at a gala dinner in Brisbane last night.
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
The Government claims to have delivered on its election promise to protect productive farmland from emissions trading scheme (ETS) but red meat farmers aren’t happy.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
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