A proposed new board of five farmer directors and three independent directors will steer Silver Fern Farms through the early days of becoming a partially-listed company.
SFF announced this week it would seek to raise additional capital from its 20,000 shareholders.
Up to 40% of shares in SFF could be publicly listed in restructuring plans, which could raise $80 million in new capital for the meat processor and marketer.
As part of the restructuring, the SFF board will be reduced from 12 to eight.
Current chairman Eoin Garden, a director since 1998, retains his position on the proposed board, along with fellow farmer directors Joe Ferraby, Rob Hewett, Angus Mabin and Herstall Ulrich.
The independent directors will be Richard Somerville, the SFF deputy chairman and chairman of Milford Asset Management; Tony Balfour, general manager, markets, for Icebreaker; and Trevor Burt, an executive board member of Munich-based Linde Group, a global gas and engineering company.
Mr Garden said that Bill Luff, an independent director who would complete his term on July 30, was not available for another term and was being replaced by Mr Burt.
"While farmers' skill sets are in primary production, directors of SFF will require a much wider grasp of the supply chain and of trade and consumer brand development.
"It will be crucial that board composition reflects this spread of experience and skill," Mr Garden said.
