Monday, 23 November 2015 16:45

Waugh elected to Fonterra board

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Ashley Waugh has been elected to the Fonterra Board of Directors. Ashley Waugh has been elected to the Fonterra Board of Directors.

A former chief executive of Australian dairy processor National Foods and Waikato dairy farmer Ashley Waugh has been elected to the Fonterra Board of Directors.

Waugh was a critic of Fonterra's performance during the election lead up and questioned why its payout was never substantially ahead of other milk processors.

Fonterra board chairman John Wilson and Nicola Shadbolt were incumbent directors who retained their seats, says returning officer Warwick Lampp, of electionz.com. Blue Read lost his seat and Greg Maughan and Murray Beach were unsuccessful.

Ashley Waugh lives and farms at Pokuru, near Te Awamutu. He is an experienced company director and dairy company executive, having previously worked for the New Zealand Dairy Board in a number of roles since 1991, and latterly as CEO of National Foods in Australia. Ashley is currently chairman of Moa Group Ltd, and a director of Seeka Kiwifruit Industries Ltd and The Heat Group Ltd (Australia).

Shareholders David Gasquoine and Stephen Silcock were elected unopposed as members of the Directors' Remuneration Committee.

In the Shareholders' Council elections, the following Shareholders' councillors were elected:

Ward 14 – Eastern Bay of Plenty Wilson James

Ward 17 – Northern Taranaki Kevin Turnbull

Ward 23 – Hawke's Bay Andrew Hardie

Ward 26 – Tasman/Marlborough Sue Brown

Andrew Hardie and Sue Brown are new shareholders' councillors.

In the eight other Shareholders' Council wards where elections were due, nominees were elected unopposed. The councillors in those wards are:

Ward 2 -Central Northland Penny Smart

Ward 5 - Hauraki / Coromandel Julie Pirie

Ward 8 - Matamata Grant Wills

Ward 11 - Te Awamutu Kevin Ferris

Ward 20 - Egmont Plains Rob Poole

Ward 29 - Ashburton Charles Whitehead

Ward 32 - Otago Ad Bekkers

Ward 35 - Western Southland Vaughan Templeton

All successful candidates will take office at the close of the annual meeting on Wednesday, November 25, 2015.

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