Cut with care
OPINION: The new government has clearly signalled big cuts across the public service.
A former chief executive of Australian dairy processor National Foods and Waikato dairy farmer Ashley Waugh has been elected to the Fonterra Board of Directors.
Former Fonterra directors Greg Gent and Colin Armer are banking on the "silent majority" of co-op shareholders in their quest to revamp the board.
Fonterra has delivered some good news for its farmers this morning – it's lifting the forecast earnings per share by 5c/kgMS and boosting its financial aid to farmers.
The Fonterra board election was looking like a subdued affair. Chairman John Wilson and sitting directors Blue Read and Nicola Shadbolt were a shoe-in for the three seats up for grabs.
Australian Clinton Dines will take up the board position made vacant by Sir Ralph Norris on November 25 at the annual meeting.
Fonterra chairman John Wilson says the 3% drop in last week's GlobalDairyTrade (GDT) event is not a lot in the context of the increases in recent GDT events.
A former Fonterra director behind moves to downsize the co-op's board says support from shareholders is heartening.
A war of words is brewing between Fonterra chairman John Wilson and two former board members over board composition.
Better dairy trade between key economies by tariff elimination would reduce volatility in global dairy prices, says Fonterra chairman John Wilson.
OPINION: The new government has clearly signalled big cuts across the public service.
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