Fonterra nominations open

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 shareholders' council.

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 vacancy.

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.

 

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