Saturday, March 30, 2024

Guiney back on board

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Discarded former Fonterra board member Leonie Guiney has side-stepped the official selection process to win farmer backing to regain her seat. She will be joined by retiring Zespri chairman Peter McBride.
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The other candidates incumbent director Ashley Waugh, approved candidate Jamie Tuuta and independent John Nicholls failed to get the required 50% approval so another election will be held to fill the one seat still vacant.

Guiney, a Fairlie farmer and director of four farming companies served on Fonterra’s board from 2014 to 2017 but then failed to gain approval to stand again through the co-op’s selection process.

McBride lives at Te Puna and has farming interests in Waikato and Bay of Plenty. He has extensive experience in the kiwifruit industry and has recently announced that he will step down as chairman of Zespri in February.

Former chairman John Wilson and Nicola Shadbolt are retiring from the board at the end of Fonterra’s annual meeting on Thursday.

Details of process and timing of the second election will be communicated to shareholders in due course, returning officer Warwick Lampp said.

The board can appoint a director to fill the vacancy until the next election but cannot appoint an unsuccessful candidate.

Shareholders David Gasquoine and Stephen Silcock were elected unopposed to the directors’ remuneration committee.

In the Shareholders’ Council elections Mike Montgomerie was elected for Ward 7 Waipa and Sue Brown for Ward 19 Tasman/Marlborough. Montgomerie is new to the council.

In eight wards no election was necessary. They are Ward 1 Northern Northland, Luke Beehre, Ward 4 Waikato West, Ross Wallis, Ward 10 Northern Bay of Plenty, Don Hammond, Ward 13 Central Taranaki, Noel Caskey, Ward 16 Central Districts West, Robert Ervine, Ward 21 Central Canterbury, Mark Slee, Ward 22 South Canterbury, Michelle Pye, Ward 25 Western Southland, Simon Hopcroft. Slee and Hopcroft are the two new councillors.

All successful candidates will take office at the close of the annual meeting on Thursday.

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