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.
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.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
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