Friday, 01 December 2023 08:46

St John to leave Fonterra board

Written by  Sudesh Kissun
Independent Fonterra director Scott St John (pictured) is stepping down from the role. Independent Fonterra director Scott St John (pictured) is stepping down from the role.

Independent Fonterra director Scott St John is stepping down from the role, citing an increasing workload.

The co-operative announced that St John will leave the Fonterra board on May 31, 2024 after serving for seven years.

Fonterra chairman Peter McBride says St John has made the decision in consideration of his workload and increase in governance commitments.

“I’d like to thank Scott for the time and energy he’s given Fonterra and its farmers. Scott has brought to the Board his vast knowledge of financial markets and passion for innovation,” says McBride.

St John is the chair of Fisher & Paykel Healthcare and serves on the boards of ANZ Bank, Mercury, and NEXT Foundation. He will step into the role of chair of Mercury from 1 January 2024.

He currently serves as a member of Fonterra’s audit, finance and risk committee, sustainability and innovation committee, and disclosure committee. He was also previously chair of the milk price panel for over six years.

“I’ve thoroughly enjoyed my time with Fonterra, including working with the board and management team through its strategic reset. The Co-op has seen a real turnaround in its performance and has a bright future. I look forward to seeing Fonterra’s continued success as it works to grow long-term value for farmers,” says Mr St John. 

The Fonterra board will shortly commence a search process to replace St John and farmer shareholders will have an opportunity to ratify that appointment at the 2024 annual meeting.

More like this

Fonterra names Templeman-Jones to Mainland Group board amid divestment

As part of preparing for a potential IPO in relation to the divestment process for its global Consumer business and integrated businesses Fonterra Oceania and Sri Lanka, Fonterra has named Anne Templeman-Jones as chair-elect of the Audit and Risk Committee for the Mainland Group board.

Featured

Being a rural vet is ‘fantastic’

Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s New Zealand Veterinary Association Te Pae Kīrehe (NZVA) awards.

National

Machinery & Products

Gongs for best field days site

Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive…

» Latest Print Issues Online

Milking It

Less hot air

OPINION: Farmers won't get any credit for this from the daily media, so Milking It is giving the bouquets where…

Dollars go offshore

OPINION: The Advertising Standards Authority’s 2024 report revealed that not only is social media rotting our brains, it is also…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter