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Fonterra Board of Directors’ Election

11:33 AM (3 hours ago)

Independently Nominated Candidates for Fonterra Board of Directors’ Election Announced

Peter McBride, Jamie Tuuta and Ashley Waugh have been announced as the Independent Nomination Process candidates for the 2018 Fonterra Farmer Directors’ election.

The three candidates were nominated by the Fonterra Board after being recommended by the Independent Selection Panel. The process for their nomination was supported by the Shareholders’ Council has supported the candidacy of each candidate as part of the Independent Nomination Process.

The Directors’ Election process includes two nomination options: the Independent Nomination Process and the Self-Nomination Process.

The Self-Nomination Process, where farmers can stand as a candidate for the Board with the support of 35 different Shareholders, is now open. Nominations close on Thursday, 20 September 2018.

The full list of candidates for the Fonterra Board of Directors’ Election, including the Independent Nomination Process candidates and any Self-Nomination Process candidates, will be announced on Monday, 24 September 2018.

Independent Selection Panel

The three-member Panel is comprised of Dame Alison Paterson (Independent Panel Chair); John Spencer, CNZM (Board Appointee); and Anthony (Tony) Carter (Shareholders’ Council Appointee). The Panel played a critical role in Fonterra’s Farmer Directors’ Election process by providing the Co-operative’s Board and Shareholders’ Council with independent opinion and assessment of Farmer Director candidates who go through the Independent Nomination process.

Voting Period, Voting Methods and Notification of Election Results

Voting Packs, containing candidate profiles, will be mailed to eligible shareholders on Monday, 15 October 2018. Shareholders can vote by internet or post, using the First Past the Post, Majority system. Voting closes at 10.30am on Tuesday, 6 November 2018 with the results being announced later that day.

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