Wilson re-elected as Fonterra chairman

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

Relevant offers

National Farm

Holy cow! Milk supplies overwhelm US dairies Live-stream TV? Sheep urinates on BBC reporter Organic wines pass quality test SFF board could ignore shareholders' moves Golden Pliers fencing champion 'chuffed' with win Going the extra mile for sustainable farming Wairarapa farmer welcomes public on his land Hawarden farmers looking forward to end of irrigation process Reported sheep deaths escalating Lessons from many mentors

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

Featured Promotions

Sponsored Content