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

 


Fonterra Chairman To Resign

20 August 2002

Fonterra Chairman To Resign

The Chairman of Fonterra Co-operative Group, John Roadley, today announced his intention to resign as Chairman of Fonterra immediately following the Annual General Meeting on 12 September.

Mr Roadley conveyed his decision to a meeting of the full Fonterra Board this morning. He has agreed to stay on the Board until the end of the year to assist in the transition.

The Board has elected Henry van der Heyden as the Chairman-elect.

Mr Roadley said, "My decision comes after deep consideration of what is best for the Co-operative going forward."

"When I agreed to accept the challenge of leading our co-operative following the merger agreement in December 2000, I made it clear that I saw the role as comparatively short term, to steer the business through the high risk and difficult period of establishment," he said.

"I set myself three goals - to ensure our shareholders agreed to the merger, to see the co-operative through the risky transitional first year, to achieve consensus among the Board and Management on Fonterra's future business strategy.

"When I leave the Chairmanship, Fonterra's business strategy will be about to be signed off by the Board and Management and by October 1 we will be approaching our first anniversary. In other words the first three major challenges are behind us," he said.

Mr Roadley said that he had decided to announce his intention at this time in order to avoid the cost and diversion of another national election campaign, which would otherwise have been necessary to reduce the farmer directors from ten to nine.

"During the past few months a strong sense of unity of purpose has emerged around the Board table and my resignation ensures that this natural maturing of the new company is not disrupted by yet another round of election meetings.

"My decision to resign brings to conclusion a very challenging yet rewarding period of my involvement with our dairy industry. It began in 1988 as a director of Alpine Dairy Products and during the past two years I have seen the industry foundations re-laid to position dairy farmer shareholders of Fonterra as among the most respected group of farmers in the world," he said.

Mr Roadley said he had worked closely with the new Chairman over a number of years. "He is a natural leader and has a great contribution to make to this industry," he said. "I wish him well and he will always have my full support".

"It has been a pleasure to serve the industry over the years and I look forward to the final months of my contribution," Mr Roadley concluded.

Contact:

John Roadley
Phone 09 256 5460


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: 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>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news