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Nominations for Fonterra Elections Open Today


Monday, 26 August 2013 For Immediate Release

NOMINATIONS FOR FONTERRA ELECTIONS OPEN TODAY

Nominations opened today for the 2013 Fonterra Elections.

This year elections are being held for three shareholder-elected Directors for Fonterra’s Board of Directors, two members of the Directors’ Remuneration Committee, one Trustee of the Fonterra Farmer Custodian Trust, and 14 members of the Shareholders’ Council.

Candidates must satisfy shareholding requirements in order to be elected, and further procedural requirements are specified in the Election Rules. These include a requirement for Candidates to be nominated and seconded by Fonterra shareholders.

Nomination Papers and Candidate Handbooks are now available by phoning the Election Hotline on freephone 0508 666 446 or emailing elections@electionz.com. Nominations must be received by the Returning Officer, Warwick Lampp of electionz.com, by 12 noon on Friday, 13 September 2013.

Current Fonterra Directors Malcolm Bailey and Ian Farrelly retire by rotation in accordance with the Constitution, and are eligible for re-election. There is also one vacancy on the Board to be filled.

Candidates for the Directors’ election will be announced by the Returning Officer on Tuesday, 1 October 2012, following the completion of the Candidate Assessment Panel (CAP) process.

For the Directors’ Remuneration Committee, Scott Montgomery and Gerard Wolvers are retiring by rotation and are eligible for re-election.

In accordance with the Fonterra Farmer Custodian Trust Deed, Trustee Paul Todd will retire and is eligible for re-election.

In accordance with the By-laws of the Shareholders’ Council there are Elections in 11 Wards where Councillors are retiring by rotation; Wards 3, 6, 9, 12, 15, 18, 21, 24, 27, 30 and 33. There is also an election in Ward 8 Hamilton due to a casual vacancy.

Also, to ensure a more accurate representation of Shareholders (based on the number of farms and Milk Solids produced) an extra Shareholders’ Councillor will be added to Wards 31, 32 and 33.

These terms will be for one year by which time a complete ward boundary review will have taken place and appropriate amendments to existing ward implemented in time for the 2014 election cycle.

Ward 3 Northern Wairoa | Ward 6 Hauraki
Ward 8 Hamilton | Ward 9 Morrinsville
Ward 12 Cambridge | Ward 15 South Waikato
Ward 18 Otorohanga | Ward 21 Coastal Taranaki
Ward 24 Southern Taranaki | Ward 27 Southern Manawatu
Ward 30 Northern/Central Canterbury | Ward 31 Mid Canterbury
Ward 32 Southern Canterbury | Ward 33 Otago

The Single Transferable Vote (STV) system will be used for all election voting by internet, fax and post.

Warwick Lampp
Returning Officer – 2013 Fonterra Elections
Email: elections@electionz.com
Mobile: 021 498 517
Election Hotline: Free Phone 0508 666 446

ENDS

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