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


Ian Johnson Joins Fonterra Board As Independent

Ian Johnson Joins Fonterra Board As Independent Director

Fonterra Co-operative Group Ltd has appointed Australian professional director Ian Johnson to its board, pending ratification by shareholders at next month’s annual meeting.

Mr Johnson joins Fonterra’s 13-strong board as its fourth independent director, replacing Dr John Hood, who resigned in June ahead of his move to England. His appointment is for an initial term of three years.

A professional director since 1997, Mr Johnson is Chairman of Newcrest Mining Ltd and The Somerville Collection, a director of John Holland Holdings and a member of The University of Sydney Remuneration Committee. He is a former director of Leighton Holdings Ltd, Orogen Minerals Ltd and Email Ltd.

Mr Johnson is a geologist by training who from 1970 to 1996 worked for mining company CRA Ltd. He lives in Sydney and is a Fellow of the Australian Institute of Company Directors.

Fonterra Chairman Henry van der Heyden welcomed Mr Johnson’s appointment.

“Ian has an impressive track record at both executive and director level with major Australian companies. He has experience in Asia in both roles, and is well versed in global markets and pricing. I’m looking forward to working with him.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


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>>


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>>


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>>



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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news