Thursday, April 25, 2024

Shadbolt not a Fonterra candidate

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Fonterra director Nicola Shadbolt is missing without explanation from the list of approved candidates for the coming board election.
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Peter McBride, Jamie Tuuta and Ashley Waugh have been announced as the Independent Nomination Process candidates.

The three candidates were nominated by the Fonterra board after being recommended by the Independent Selection Panel.

The three-member panel is comprised of chairwoman Dame Alison Paterson, John Spencer and Tony Carter. 

The process for their nomination was supported by the Shareholders’ Council, which has supported the candidacy of each candidate as part of the Independent Nomination Process, a Fonterra statement said.

The Self-Nomination Process, where farmers can stand as a candidate for the board with the support of 35 different shareholders, is now open.

Nominations close on Thursday September 20.

The full list of candidates will be announced on Monday September 24.

Voting packs containing candidate profiles will be mailed to eligible shareholders on Monday October 15.

Shareholders can vote by internet or post, using the first past the post majority system.

Voting closes at 10.30am on Tuesday November 6 with the results being announced later that day.

Fonterra’s statement made no reference to Shadbolt, a Massey University academic, either missing out in selection process or standing down.

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