Thursday, 26 July 2012 14:10

Right man for the job

Written by 

Federated Farmers says John Wilson is the right man to lead Fonterra.

"John may be stepping into big shoes but he is ably equipped to do so," says Federated Farmers Dairy chairman Willy Leferink. Wilson was today appointed chairman elect and takes over from Henry van der Heyden in December.

"John is an immensely intelligent and capable farmer with that all-important institutional knowledge of where Fonterra has come from. Since he has been on the board, Fonterra has gone from generating $11.8 billion in revenue to around $20 billion today."

Being the chairman of Fonterra puts you in the spotlight locally and internationally, says Leferink.

"Federated Farmers strongly hopes John will put in place a clear succession pathway by creating a deputy chair. A lack of board succession is a strategic weakness given Fonterra is a team made up of farmers, staff, customers and suppliers.

"John will be in charge of taking the world's fourth largest dairy company forward in its second decade of life. This includes delivering to shareholders and unit holders, everything promised from Trading Among Farmers (TAF) and the strategy refresh.

"The immediate priority for John, during the transition phase, is to put to bed Fonterra's constitution in November so we can all move forward."

Leferink says Feds executives look forward to meeting Wilson soon.

More like this

Editorial: Long overdue!

OPINION: The Government's latest move to make freshwater farm plans more practical and affordable is welcome, and long overdue.

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…

» Latest Print Issues Online

The Hound

Make it 1000%!

OPINION: The appendage swinging contest between the US and China continues, with China hitting back with a new rate of…

Own goal

OPINION: The irony of President Trump’s tariff obsession is that the worst damage may be done to his own people.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter