Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Roadley Announces Global Dairy Company Board

Media Statement

Monday 12 February 2001 For Immediate Release


ROADLEY ANNOUNCES GLOBAL DAIRY COMPANY BOARD

John Roadley, chairman-designate of Global Dairy Company, has formally announced his board. It will meet for the first time on Wednesday.

The shape of the initial board was outlined in Section Four of the Merger Agreement posted to all shareholders prior to Christmas.

It provides for Mr Roadley, from the New Zealand Dairy Group, and Greg Gent, from Kiwi Dairies, to be chairman and deputy chairman, and for both companies to appoint an additional four directors each. The full board is then able to appoint a further three directors, subject to it identifying suitable candidates.

Mr Roadley confirmed that the four additional directors appointed by the New Zealand Dairy Group would be Henry van der Heyden, Murray Flett, Earl Rattray and Mark Townshend.

He confirmed that the four additional directors appointed by Kiwi Dairies would be Richard Booth, Harry Bayliss, Marise James and Gerard Lynch.

He said it would be up to the new board to decide whether to take up the opportunity to appoint the three other directors.

Mr Roadley said the board knew that shareholders would monitor its performance closely and that all directors welcomed that scrutiny.

more …
“We are responsible for helping achieve the most important commercial deal in New Zealand’s history and we hope to be responsible for significantly growing New Zealand’s largest and most important company,” he said. “We feel that responsibility but at the same time I have confidence this board is up to the task.”

END


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news