Fonterra investing $70m in new electrode boilers
While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.
The South Canterbury farmer has been confirmed as a self-nominated director candidate. He will face off with the two board-nominated directors Michael Spaans and Donna Smit.
The self nomination process allowed any Fonterra shareholder (with the support of 35 different shareholders) to put themselves forward as a director candidate and be considered for election by their fellow shareholders alongside the previously announced Independent nomination process candidates.
Fonterra shareholders have the opportunity to meet and ask questions of the director candidates at seven meetings throughout the country, starting in Whangarei on November 22 and finishing in Gore on November 25.
Nattrass served on Fonterra’s board for six years before he was voted out by shareholders in 2009; Massey University academic Nicola Shadbolt replaced him.
Fonterra will hold its annual meeting in Darfield on December 8.
