Displaying items by tag: PETER MCBRIDE

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.

Fonterra has unveiled a revised strategy – to maximise farmgate milk price and setting higher targets for dividends and return on capital for shareholders and unit holders.

Nominations for Fonterra’s director elections are open.