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Fonterra Elections Send Clear Signal

Fonterra Elections Send Clear Signal of Farmer Dissatisfaction

The fact that two of the three sitting directors were not returned to the Fonterra Board is a clear signal that farmers are dissatisfied with Fonterra's performance, says Dairy Farmers of New Zealand Chairman Kevin Wooding.

The successful candidates were sitting director Harry Bayliss and new directors John Wilson, from Te Awamutu, and Stuart Nattrass, from Christchurch.

"Voting in the Fonterra Board elections is the only effective way for farmers to voice their views on the co-operative's performance, said Mr Wooding.

"This result sends a clear message to Fonterra directors to stick to their knitting and focus on delivering profitability to their shareholders.

"I am sure these new directors will have taken note of the need to build better relations with shareholders."

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