fbpx
Print this page
Tuesday, 13 August 2024 12:55

Nominations open for director elections

Written by  Staff Reporters
Nominations are now open for Fonterra's director elections. Nominations are now open for Fonterra's director elections.

Nominations for Fonterra’s director elections are open.

This year, three farmer directors retire by rotation. However, only two seats will be contested as Fonterra’s board size reduces from 11 to 9 – to comprise of six farmer-elected and three independent directors.

As a result of these changes, at this year’s director elections, shareholders will be asked to elect two farmer-elected directors.

This year, sitting directors Leonie Guiney, John Nicholls and chair Peter McBride retire by rotation. Both Nicholls and McBride have confirmed their intention to re-stand for consideration as directors.

Guiney is stepping down after serving nine years as per Fonterra’s board charter.

Long serving independent director, Clinton Dines has also completed the maximum nine-year term. Dines leaves the board at the annual general meeting in November, and therefore will not be replaced. McBride thanked Dines for his contributions.

More like this

Fonterra names Templeman-Jones to Mainland Group board amid divestment

As part of preparing for a potential IPO in relation to the divestment process for its global Consumer business and integrated businesses Fonterra Oceania and Sri Lanka, Fonterra has named Anne Templeman-Jones as chair-elect of the Audit and Risk Committee for the Mainland Group board.

Featured

Being a rural vet is ‘fantastic’

Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s New Zealand Veterinary Association Te Pae Kīrehe (NZVA) awards.

National

Helping protect sheep from parasites

Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s…

Machinery & Products

Farmer-led group buys Novag

While the name and technology remain unchanged and new machines will continue to carry the Novag name, all the assets,…

Buhler name to go

Shareholders at a special meeting have approved a proposed deal that will see Buhler Industries, the publicly traded Versatile and…