Nominations have opened for Fonterra's elections. Elections
are being held for three shareholder-elected directors, two
members of the directors' remuneration committee, one trustee
of the Fonterra Farmer Custodian Trust, and 14 members of the
Nominations must be received by noon on Friday, September 13.
Candidates for the directors' election will be announced on
October 1 following the completion of the candidate
assessment panel process.
There are elections in 11 wards where shareholders
councillors are retiring by rotation, including Otago, and
there is also an election in Hamilton due to a casual
An extra councillor will be added to the Mid-Canterbury,
Southern Canterbury and Otago wards to ensure a more accurate
representation of shareholders, based on the number of farms
and milk solids produced.
Those terms will be for one year, by which time a ward
boundary review will have have taken place.