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

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news