Wednesday 23rd September 2015 |
Text too small? |
Fonterra Cooperative Group director Ian Farrelly will replace Ralph Norris as one of the dairy exporter's representatives on the board of the Fonterra Shareholders' Fund manager.
Farrelly will join the board of the fund's manager at the close of its annual meeting on Nov.27 when Norris retires, Fonterra said in a statement. Farrelly has been on the board of Fonterra since 2007, having clocked up a 20-year career in banking including 15 years as head of ASB Bank's rural division. He operates a 400-hectare calf rearing farm in Te Awamutu and has dairy farm interests in Canterbury and Waikato.
Norris, a former Commonwealth Bank of Australia boss, signalled his retirement from the boards of Fonterra and the fund in May, citing other commitments. Fonterra is scheduled to report its annual results tomorrow.
Units in the fund, which give investors exposure to Fonterra's earnings, rose 0.8 percent to $5.24, and have declined 13 percent this year.
BusinessDesk.co.nz
No comments yet
January 22nd Morning Report
ATM - 1H25 Results Announcement Date and Webcast Notification
MCK RECEIVES TAKEOVER OFFER FROM CDLHHNZ
PHL - Senior Manager Change
Steel & Tube 1H25 Interim Results to be announced on 24 Feb
January 20th Morning Report
KPG - Changes to the Kiwi Property Board
IKE - Timing of Quarterly Performance Update and Conference Call
January 17th Morning Report
ERD - Appointment of Interim Chief Financial Officer