Monday, 10 September 2018 12:11

McBride, Tuuta get nod for Fonterra board elections

Written by 
Jamie Tuuta (left) and Peter McBride. Jamie Tuuta (left) and Peter McBride.

Fonterra’s board is backing Zespri chairman Peter McBride, and Maori agribusiness leader Jamie Tuuta in the 2018 board elections.

Sitting director Ashley Waugh has also won nomination from the Fonterra board after being recommended by the independent selection panel.

This means two sitting directors- former chairman John Wilson and Nicola Shadbolt- will leave the board after the annual general meeting in Waikato on November 8.

Returning Officer Warwick Lampp announced the three nominations this morning.

He says the three candidates were nominated by the Fonterra board after being recommended by the independent selection panel.  

The Fonterra Shareholders Council is also supporting the three candidates.

The directors’ election process includes two nomination options: the independent nomination process and the self-nomination process.

The self-nomination process, where farmers can stand as a candidate for the board with the support of 35 different shareholders, is now open.  Nominations close on Thursday, 20 September 2018.

The full list of candidates for the Fonterra board elections will be announced on September 24.

Voting Packs, containing candidate profiles, will be mailed to eligible shareholders on Monday, 15 October 2018.  Shareholders can vote by internet or post, using the first past the post, majority system.  Voting closes at 10.30am on Tuesday, 6 November 2018 with the results being announced later that day.

McBride, who became Zespri chairman in 2013, has invested in the kiwifruit and dairy industries.

Tuuta was appointed Moari TV chairman in May this year. He was previously chair of the Parininihi ki Waitōtara Incorporation, the largest farmer in Taranaki and one of the largest milk suppliers to Fonterra.

 

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