Fonterra Co-Operative Group Limited Announces Board Changes
November 02, 2020 at 08:02 pm
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Fonterra Co-operative Group Limited announced that Returning Officer Warwick Lampp, of electionz.com Ltd, has declared the final results of the 2020 elections for the Fonterra Board of Directors, Directors' Remuneration Committee and Shareholders' Council. Shareholders voted to elect incumbent director Brent Goldsack and new Director Cathy Quinn to the Fonterra Board. Brent has served on the Fonterra Board for three years, having been elected in November 2017. He is currently the Chair of the Co-operative Relations Committee, is a member of the Milk Price Panel, the Safety and Risk Committee, the Capital Structure Committee, the Divestment Review Committee, and the Disclosure Committee. Fonterra Co-operative Group Limited elected Cathy Quinn to the Fonterra Board and will take office at the close of the Annual Meeting on 5 November 2020. Cathy is a professional director, having previously enjoyed a 30+year career as a commercial and corporate lawyer with Minter Ellison Rudd Watts, and has significant expertise in governance, equity capital markets, mergers and acquisitions and private equity services. Amongst the numerous awards she has won, Cathy was made an Officer of the New Zealand Order of Merit for services to law and women in 2016. Shareholders John Gregan and Glenn Holmes were elected unopposed to the Directors' Remuneration Committee. In the Shareholders' Council elections, the following two Shareholders' Councillors were elected: Ward 4 - Waikato West, Grant Coombes; Ward 6 – Piako, Nacre Maiden. Both Grant Coombes and Nacre Maiden are new Shareholders' Councillors. In the four other Shareholders' Council wards where elections were due, nominees were elected unopposed. The Councillors in those wards are: Ward 3 - Southern Northland, Greg McCracken; Ward 12 - Central Plateau, Kylie Leonard; Ward 18 – Wairarapa, John Stevenson; Ward 24 - Eastern Southland, Don Moore. Kylie Leonard and Don Moore are new Shareholders' Councillors. All successful candidates will take office at the close of the Annual Meeting on 5th November 2020.
Fonterra Co-operative Group Limited is a New Zealand-based dairy co-operative company. The Company is primarily involved in the collection, manufacture and sale of milk and milk-derived products through its ingredients, consumer, and foodservice channels. It operates through three segments: Global Markets, Greater China, and Group Operations. The Global Markets segment represents the global ingredients, foodservice and consumer channels outside of Greater China. The Greater China segment represents the ingredients, foodservice and consumer channels in Greater China. The Group Operations segment represents the business activities from collecting and processing New Zealand milk, through to selling products to its customer-facing regional business units, Global Markets and Greater China. Its channel of branded consumer products includes powders, yoghurts, milk, butter, and cheese. The Companyâs brands include Anchor, Anmum, Anlene, and Chesdale, among others.
FONTERRA CO-OPERATIVE GROUP LIMITED 
