Wilson re-elected as Fonterra chairman

ANDREA FOX
Last updated 09:19 17/12/2012

Relevant offers

Farming

Sustainability 'comes from the heart' Study shows N leaching reductions possible Empty cow rates rising in Waikato Difficult decisions ahead as low payout starts to bite Farmers flock to finance classes Cows shot and hacked on Tokoroa farm Best beef semi-finalists announced Couple's composites win ewe hogget competition Raiders butcher prized beef All the dirt on the new Mitsubishi Triton

Fonterra chairman-elect John Wilson has been re-elected to the top table of New Zealand's biggest company, where he will be joined by former farmer watchdog council chairman Blue Read.

Incumbent director Nicola Shadbolt was also re-elected in the dairy giant's 2012 elections.

All three are farmer-elected directors. Eleven candidates, including the successful directors, contested three director vacancies on the board this year. Read, 57, headed the Fonterra Shareholders Council from 2007 to 2010, and helped shepherd in the first proposals for Trading Among Farmers, the controversial capital restructure which last month resulted in units in farmer-held Fonterra shares being listed on the NZX and ASX.

He farms near Urenui in northern Taranaki and had been a shareholders councillor since 2003.

Read is the chairman of the New Zealand Cooperative Business Association and is a former chairman of the Taranaki dairy section of Federated Farmers and chairman of the New Zealand Sharemilkers Association.

Shareholders Rodney Wilson and David Gasquoine were elected unopposed as members of the directors' remuneration committee.

Ad Feedback

- BusinessDay.co.nz

Special offers
Opinion poll

Is it time for authorities to introduce tougher penalties for poaching?

Yes

No

Vote Result

Related story: Booby traps for poachers cost farmers

Featured Promotions

Sponsored Content

rural digi editions 4/9

Digital editions

Read our rural publications online