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OPINION: The sudden departure of Fonterra’s chief financial officer Neil Beaumont, just nine months into the job, is raising questions among farmer shareholders.
Milking It believes Beaumont departed after both parties agreed to end his employment.
It’s highly unusual for Fonterra to lose a senior executive within a year of starting in the role. The press release announcing his departure included none of the usual ‘thanks for everything’ and ‘best of luck’ platitudes. Just three paragraphs: ‘he was here, now he’s gone, here’s his (temporary) replacement’.
While Fonterra has kept under wraps the reason for Beaumont’s departure, farmer shareholders aren’t impressed. Some believe the shock departure of Beaumont’s points to the board not taking shareholders into confidence.
One of Fonterra's largest milk suppliers says Fonterra's board and management have got what they wanted - a great turnout and a positive signal from shareholders on the sale of its co-operative's consumer and related business.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
OPINION: A short-term sugar hit. That's what NZ First leader Winston Peters is calling the proposed sale of Fonterra's consumer and associated businesses.
When Professor Pierre Venter takes up his new role as vice chancellor at Massey University next February it will just be a matter of taking a few steps across the road to get to his new office at the Palmerston North Campus.
A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.
One of Fonterra's largest milk suppliers says Fonterra's board and management have got what they wanted - a great turnout and a positive signal from shareholders on the sale of its co-operative's consumer and related business.
Wool farmers are hoping that efforts by two leading companies to develop a more efficient supply chain would eventually boost farmgate returns.
Acclaimed fruit grower Dean Astill never imagined he would have achieved so much in the years since being named the first Young Horticulturist of the Year, 20 years ago.
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
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