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

 

Fonterra Appoints Ralph Waters to Board


Fonterra Appoints Ralph Waters to Board

One of New Zealand’s most respected businessmen, Ralph Waters, will join the Board of Fonterra Co-operative Group Limited effective immediately, as one of its four appointed directors.

Mr Waters, who steps down from his current role as Chief Executive of Fletcher Building at the end of August, has been the Deloitte/Management magazine Executive of the Year, and New Zealand Herald Business Leader of the Year, and has received a Beacon award for excellence from the NZ Shareholders’ Association.

Fonterra Board Chairman Henry van der Heyden said Mr Waters was held in high esteem by business communities on both sides of the Tasman, and would contribute considerable knowledge and expertise to Fonterra.

“Ralph possesses broad general management and operational experience, a strong international track record, and a good understanding of governance boards in other sectors. He has significant experience in industrial and consumer products, and distribution.

“Since taking the helm at Fletcher Building revenue has grown from about NZ$3 billion in 2001 to an annualised rate of about NZ$6 billion today, and the company’s share price has increased more than four-fold.

“The company’s growth was achieved through a combination of improved operating performance, acquisitions and diversification – including expansion into Australia. The parallels with our current Australian strategy are obvious.

“Ralph currently sits on the Boards of Fletcher Building, and Fisher and Paykel Appliances, and I am delighted to welcome him to the Board of Fonterra,” said Mr van der Heyden.

Before joining Fletcher Building, Mr Waters was the managing director of Australian publicly listed company Email Limited – after having previously held senior management positions within the organisation. Email had operations in Australia, New Zealand, Asia and the United Kingdom. Under his leadership, the diversified company focused on four core businesses: metals; major appliances; security products; and metering.

Earlier in his career, Mr Waters held a number of engineering and managerial positions with Carrier Airconditioning Pty Ltd, an Australian member company of the global United Technologies Corporation.

Mr Waters is married with three children.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech