Thursday, 23 June 2022 10:55

New chair for Fonterra Shareholders Fund

Written by  Sudesh Kissun
Fonterra Shareholders Fund chairman, left, pictured with former agriculture minister Nathan Guy, will step down at the end of the year. Fonterra Shareholders Fund chairman, left, pictured with former agriculture minister Nathan Guy, will step down at the end of the year.

The independent chair of Fonterra Shareholders Fund John Shewan is stepping down later this year.

Another director Kim Ellis has also indicated his intention to retire at the fund's annual meeting in November.

The fund board has appointed Mary-Jane Daly as chair-elect.

Daly was elected to the board in November 2020.

She is currently chair of the Earthquake Commission and an Independent Director of Kiwibank and Kiwi Property Group Limited. She has a strong background in insurance, banking and finance with experience in a variety of senior roles both in New Zealand and the United Kingdom.

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