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.
Your old mate hears that the self-nominated Guiney was the top-polling candidate at this year’s director elections.
This must have been a double whammy to Fonterra’s network of old-boys who not only engineered Guiney’s departure from the board last year via their Stalinist ‘board candidate nominee process’ but also watched as two of their ‘nominees’ failed to get elected last month.
One can only guess there will be some very uncomfortable people with red faces when they welcome the South Canterbury farmer back to Gumboot Castle in Auckland. Awkward, as they say.
