Solid third quarter result for Fonterra
Fonterra has announced an improved third quarter performance – with a profit after tax of $1.15 billion, up $119 million on the same period last year.
Meat processor Alliance Group has appointed Chris Day to its board as an independent director.
Currently, Day sits on the boards of Datacom and the Institute of Directors. Previously, he has been interim chief executive of New Zealand Green Investment Finance and a director of Christchurch City Holdings and Centreport.
Day will chair Alliance’s Audit and Risk and Capital committees.
Day says he is pleased to be joining the Alliance Board.
“I look forward to contributing my experience to help shape the future of this iconic New Zealand business.”
Alliance chair Mark Wynne says Day brings valuable expertise to the board.
“He has significant experience in transformation and finance, along with a strong ability to provide an independent perspective,” Wynne says.
Day replaces Simon Robertson who steps down from the board at the end of March.
Wynne says he thanks Robertson for his dedication and contributions to the board over the past three and a half years.
“He has been a highly engaged and valued member of the Board. As chair of our Audit and Risk, Enterprise Resource Planning, and Capital committees, his breadth of knowledge, keen insight and ability to navigate complex issues have been exceptional,” he says.
Federated Farmers president Wayne Langford says the 2025 Fieldays has been one of more positive he has attended.
A fundraiser dinner held in conjunction with Fieldays raised over $300,000 for the Rural Support Trust.
Recent results from its 2024 financial year has seen global farm machinery player John Deere record a significant slump in the profits of its agricultural division over the last year, with a 64% drop in the last quarter of the year, compared to that of 2023.
An agribusiness, helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sector, has picked up a top innovation award at Fieldays.
The Fieldays Innovation Award winners have been announced with Auckland’s Ruminant Biotech taking out the Prototype Award.
Following twelve years of litigation, a conclusion could be in sight of Waikato’s controversial Plan Change 1 (PC1).
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