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Hot Topic NBR Focus: GMO
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Sir Henry's seat on Fonterra board up for vote

Nominations have opened for the Fonterra board seat chairman Sir Henry van der Heyden occupies, as well as those held by two other farmer-elected directors, Malcolm Bailey and Ian Farrelly.Fonterra rotates its nine farmers' directors, with a different thr

NZPA
Tue, 24 Aug 2010

Nominations have opened for the Fonterra board seat chairman Sir Henry van der Heyden occupies, as well as those held by two other farmer-elected directors, Malcolm Bailey and Ian Farrelly.

Fonterra rotates its nine farmers' directors, with a different three retiring each year. They are allowed to stand again for re-election.

Elections are also being held for two members of the board's directors' remuneration committee, and 13 members of the shareholders' council.

Nominations close at noon on September 10.

Board candidates will be announced after a candidate assessment panel process ends on October 1.

Two directors' remuneration committee members retiring by rotation, Ron Ferriman and Gerard Wolvers, will also be eligible for re-election.

Shareholders' councillors have retired by rotation in 11 wards.

There are casual vacancies in two other wards, after the council made a surprise announcement last month that its chairman Blue Read and his deputy Campbell Shearer had stepped down and been replaced by banker-turned-farmer, Simon Crouper, with Tokoroa farmer Ian Brown as his deputy.

At least six councillors will stand for re-election: Murray Douglas (Northern Wairoa), Stephen Silcock (Morrinsville), Ian Brown (South Waikato), Nick Barrett (Coastal Taranaki), Owen Greig (Southern Manawatu), and Grant Scott (Otago).

Among the councillors retiring are Peter West (Hauraki), Henk Weijers (Cambridge), Sarah von Dadelszen (Otorohanga), former deputy chairman Campbell Shearer (Taupo), former council chairman Blue Read (Northern Taranaki), Ross Johnston (Southern Taranaki) and Geoff Stevenson (Northern Canterbury).

The three elections will run from October 21 to 10.30am on November 16, and results will be announced later that day.

NZPA
Tue, 24 Aug 2010
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Sir Henry's seat on Fonterra board up for vote
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