Friday, April 26, 2024

Two Fonterra directors stepping down

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Two Fonterra farmer directors, Malcolm Bailey and Ian Farrelly, will step down at December’s annual meeting.
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Chairman John Wilson said Bailey and Farrelly were dedicated and experienced.

“On behalf of the board and our farmers I want to thank Malcolm and Ian for their service to our co-operative over more than two decades combined.

“They brought to our board strong agri-business acumen and governance experience along with a passion for dairy farming – both are successful commercial farmers with farming interests in Waikato, the lower North Island and Canterbury.

“Importantly, they were deeply connected with our farmer shareholders and our co-operative’s focus on producing the best milk and securing the best returns in global markets.

“On behalf of all of our farmers I’d like to personally thank them for their contribution and commitment to our co-operative.

“Both have served on our board during a period of significant change, including the introduction of Trading Among Farmers, our business strategy refresh and more recently the governance and representation review.”

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