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Nominations for Fonterra Elections Open Today

7 September 2015

Nominations for Fonterra Elections Open Today

Nominations opened today for the 2015 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, and 12 members of the Shareholders’ Council.

Current Fonterra Directors Blue Read, Nicola Shadbolt and John Wilson retire by rotation in accordance with the Constitution, and are eligible for re-election.

Candidates for the Directors’ Election will be announced by the Returning Officer on Tuesday, 13 October 2015, following the completion of the Candidate Assessment Panel (CAP) process.

For the Directors’ Remuneration Committee, David Gasquoine and Rodney Wilson are retiring by rotation. Both are eligible for re-election however Rodney Wilson has advised the Returning Officer that he is not re-standing.

In accordance with the By-laws of the Shareholders’ Council there are Elections in 12 Wards where Councillors are retiring by rotation.

2015 Shareholders’ Council Elections:

Ward 2 Central Northland Ward 5 Hauraki/Coromandel

Ward 8 Matamata Ward 11 Te Awamutu

Ward 14 Eastern Bay of Plenty Ward 17 Northern Taranaki

Ward 20 Egmont Plains Ward 23 Hawke’s Bay

Ward 26 Tasman/Marlborough Ward 29 Ashburton

Ward 32 Otago Ward 35 Western Southland

Councillors in wards 23 Hawke’s Bay, 26 Tasman/Marlborough and 32 Otago have advised the Returning Officer of their intention to retire and as such there will be vacancies in these wards.

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 free phone 0800 666 034 or emailing elections@electionz.com. Nominations must be received by the Returning Officer, Warwick Lampp of electionz.com, by 12 noon on Friday, 25 September 2015.

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


Election Hotline: Free Phone 0800 666 034

ENDS


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