Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
Gent retired from Fonterra’s board at November’s annual meeting after ten years on the cooperative’s top table.
Southern Cross says Gent has a strong record of governance experience in mutual/co-operative businesses, insurance and health, currently chairing Farmers Mutual Group and sitting on the Northland District Health Board.
“Greg will be a very valuable addition to the Board,” says Southern Cross chairman Graeme Hawkins.
“His combination of experience, particularly in the governance of large, complex mutual businesses, aligns very well with the needs of Southern Cross.”
Gent replaces Mark Verbiest, who retired from Southern Cross to focus on his new role as Chair of Telecom.
