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.
One of the architects of Fonterra says he’s very disappointed with the co-op’s performance over the years.
Tirau farmer, Tony Wilding says farmers expected better when they formed the co-op in 2001.
“It’s not the performance we had in mind when we formed Fonterra,” he told Rural News.
Wilding received a New Zealand Order of Merit in the New Year’s honours list for his contribution to the dairy sector and community.
Read: Dairy leader’s award richly deserved.
He was part of the negotiation team that merged Kiwi Cooperative Dairies and New Zealand Dairy Group, with the New Zealand Dairy Board to form Fonterra.
Tony Wilding. |
With the negotiations tying up then NZDG chairman Henry van der Heyden and his deputy John Roadley for months, Wilding stepped up to serve as NZDG’s acting deputy chair. Despite his criticism Wilding fully supports Fonterra, pointing out he’s happy with the shift in strategy.
Wilding is also happy that “the days of hiring high-flying overseas CEO” are over.
He fully supports the appointment of New Zealander Miles Hurrell as chief executive last year.
“There is nothing wrong with us, Kiwis”.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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Another 16 commercial beef farmers have been selected to take part in the Informing New Zealand Beef (INZB) programme designed to help drive the uptake of genetics in the industry.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.
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