Displaying items by tag: PETER MCBRIDE

Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.

Fonterra directors and councillors are in for a pay rise next month.

Fonterra chair Peter McBride, fellow directors and the management team, will front up farmer shareholders next week to explain the metrics around the proposed $4.22 billion divestment plan.

Fonterra chair Peter McBride expects a strong mandate from farmers shareholders for the proposed sale of its consumer and related businesses to Lactalis for $3.8 billion.

The world’s largest milk company Lactalis has won the bid for Fonterra’s global consumer and associated businesses.

At Fonterra's recent annual meeting in New Plymouth, chair Peter McBride spoke on the co-op's changing global operating context and how to manage risk. Here's some of what he said.

Fonterra leaders are making their case for offloading the co-operative's $3 billion consumer business, noting that its return on capital has been nowhere near respectable.

Fonterra’s board has been reduced to nine - comprising six farmer-elected and three appointed directors.

OPINION: Fonterra's chair will be paid nearly $500,000 if shareholders approve a proposal by the directors' remuneration committee.

Fonterra chair Peter McBride warns that the future looks increasingly competitive - both in New Zealand and internationally.