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- Release Date: 27/09/12 18:57
- Summary: DIRECTOR: FCG: FONTERRA CONFIRMS BOARD POSITIONS
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FCG
27/09/2012 16:57
DIRECTOR
REL: 1657 HRS Fonterra Co-operative Group Limited
DIRECTOR: FCG: FONTERRA CONFIRMS BOARD POSITIONS
Fonterra Chairman Elect, John Wilson today announced that Sir Henry van der
Heyden would stay on the Board as a farmer-elected director for the first
part of next year after he stands down as Chairman in December. Also,
Appointed Director Ralph Waters would extend his tenure for up to six months
beyond the 2012 annual meeting in December.
"As we move ahead on the implementation of Trading Among Farmers (TAF) it is
important the Co-operative has continuity and experience around the Board
table. As a result both Henry and Ralph have agreed to stay on until after
TAF is up and running. They will provide valuable guidance during this
period. Their involvement is in the best interests of the Co-operative and
the Board has thanked them both for being flexible."
Mr Wilson said that Mr Waters' extended appointment would need to be ratified
by farmer shareholders at the annual meeting in December. The process to
identify a new appointed director was already underway. Sir Henry would
remain on as part of his normal farmer-elected term which runs to the annual
meeting in 2013.
"However, neither Henry nor I think it will be necessary for him to stay this
long. He has made other professional and personal commitments that he is keen
to pursue as soon as possible."
End CA:00227828 For:FCG Type:DIRECTOR Time:2012-09-27 16:57:32
