Fonterra cements position as the big cheese!
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
Fonterra shareholders have voted to increase the allowance of directors and Co-operative Council members.
Co-op chairman Peter McBride’s allowance jumps $15,000 to $470,000 per annum.
Fonterra director fees lift $6000 to $191,000.
The motion to increase director allowance was approved by 85% of farmers at the co-op’s annual meeting in Rotorua today.
The motion to increase the remuneration of councillors was supported by 82% of shareholders.
The incoming council chair John Stevenson will now be paid $120,000, an increase of $10,000. Councillors get $38,500, an extra $1000.
A motion to retain KPMG as auditor for another year was passed by 97% of shareholders.
Almost 96% of shareholders also voted in favour ratifying the appointment of Scott St John as a director for another three year term.
St John was appointed to the Fonterra board in 2016.
He was the chief executive officer of First NZ Capital (FNZC) for 15 years, stepping down from that role in early 2017.
He is the chair of Fisher and Paykel Healthcare and serves on the board of ANZ Bank New Zealand, Mercury NZ Limited and NEXT Foundation.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
OPINION: It seems every bugger in this country can get an award these days.