Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra chairman John Wilson has stood down from his position as he recovers from a recent serious health scare.
He will remain a Fonterra director until the cooperative’s annual meeting in November, when he will retire from the Board.
Within the last month Wilson has undergone a significant surgery and will require on-going treatment.
In response to Wilson’s decision, the Fonterra board has selected John Monaghan as the cooperative’s new Chairman.
In a message to farmers earlier today, outgoing chairman John Wilson said the decision to stand down as chair had been difficult but was ultimately in the best interests of the cooperative.
“I have made a very good recovery and am well but will need on-going treatment.
“It has been a privilege to serve you as chairman and give something back to this great cooperative that continues to give my family and me so much.
“As many of you will know from experience, governance roles are incredibly rewarding, but equally demanding on the individual and their families.
“Continuing as chairman when I cannot put my full energy and attention into the role is not appropriate.”
Monaghan is an experienced director and has been on the Fonterra Board since 2008.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
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