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.
Miles Hurrell's confirmation as Fonterra’s chief executive has been warmly received on social media.
Read: Turning Fonterra around will take time — Hurrell.
Fonterra confirmed the appointment of Miles Hurrell as its chief executive officer with immediate effect on Tuesday last week.
He will be paid a base salary of $1.95 million, with additional short and long-term incentive payments based on the achievement of targets agreed with the board.
Hawke’s Bay farmer and Ballance director Sarah von Dadelszen tweeted that it was “awesome news”.
Awesome news. Great having such an fantastic nzer leading the coop. Well done Miles
— Sarah von Dadelszen (@dadelszen) March 5, 2019
NZ Agricultural Trade Envoy Mike Petersen describes the appointment as inspiring.
Inspired appointment and pleased to see @mwhurrell secured in this important role.
— Mike Petersen (@tepunamike) March 5, 2019
Former Fonterra communications head Kerry Underhill also congratulated Hurrell.
Big congrats Miles. Fantastic news and a great call by the Co-op.
— Kerry Underhill (@KerryUnderhill) March 5, 2019
Hurrell will get a base salary of $1.95 million, lower than that earned by his predecessor Theo Spierings, who recieved $8m in pay and bonuses during his last year at the co-op.
One Facebook user Lance Phillips described the salary as “a bargain… less than half of Theo’s salary”.
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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