Chairman John Wilson and director Nicola Shadbolt who stood down by rotation were re-elected but Blue Read was replaced by Ashley Waugh.
The Shareholders’ Council has new members in Andrew Hardie (Ward 23 Hawke’s Bay) and Sue Brown (Ward 26 Tasman/Marlborough) who join incumbents Wilson James (Ward 14 Eastern Bay of Plenty) and Kevin Turnbull (Ward 17 Northern Taranaki).
Shareholders’ Council chairman Duncan Coull praised the record-breaking efforts of shareholders which saw 65% of farms, representing 73% of milksolids, cast their votes.
“This is an outstanding result for our co-op.
“Fonterra farmers value the principle of 100% ownership and control and it is great to see shareholders, as the owners of Fonterra, come out in numbers to decide the direction in which their co-op will travel.
“My view is that the health of our co-op is dependent on our shareholders and their willingness to participate in the decision-making processes and based on the participation rates in this election I would suggest that our co-op is in very good shape.”