Candidates For Fonterra Elections Announced
Friday 19 August 2005
For Immediate Release
CANDIDATES FOR FONTERRA ELECTIONS ANNOUNCED
Fonterra Board of Directors Election
There will be no election for the Fonterra Board of Directors in 2005.
This year, the three sitting directors, Greg Gent, Earl Rattray and Jim van der Poel, have been elected unopposed. Each year, a third of the directors elected by the shareholders must retire by rotation.
Mr Lampp also confirmed there would be elections in two wards for the Fonterra’s Shareholders’ Council, and an election for the Directors’ Remuneration Committee.
For the Shareholders’Council wards, shareholders will receive two votes (voting papers) per farm. The two wards are:
Ward Vacancies Candidates
Hauraki 2 Michael Karl
17 South Taranaki 1 (retirement) Mike Swift
In the eight other wards, there were the same number of nominees as vacancies for the Shareholders’ Council. In those wards, Fonterra’s Chairman will declare the nominees elected as councillors once some formalities have been completed.
The councillors-elect are:
Ward 4 – South
7 - Otorohanga
Ward 10 –South Waikato
Ward 16 –Central Taranaki
Ward 19 – Wairarapa
Ward 22 – Canterbury North
Ward 25 –South Central/West
Philip van der Bijl
Bill Millar, William Berkers, Ian Brown, Geoff Stevenson and Gail Woods are new councillors. The others are sitting councillors who sought re-election when their wards were selected for election by rotation. Under the Council by-laws a third of councillors must retire every year by rotation.
Directors’ Remuneration Committee
There are four candidates standing for the two places on the Directors’ Remuneration Committee. Ray Shaw and Murray Holdaway are standing against the two sitting members, Tom Lees and Peter Ferguson.
The three contested elections will run concurrently by postal, fax and internet voting, using the Single Transferable Vote (STV) voting system. Voting will run from 5 September to 10 October with the results announced at the Annual Meeting on Tuesday 11 October at Forum North, Whangarei.
Voting packs will be sent to shareholders on 5 September 2005.