Shewan tapped to chair Fonterra Shareholders' Fund board

Former PricewaterhouseCoopers chairman John Shewin has been tapped as independent chairman of the Fonterra Shareholders' Fund board as the world's biggest dairy exporter targets a November launch for the units tied to its shares.

Shewin will lead a board of five, made up of professional director Pip Dunphy, former Waste Management NZ chief executive Kim Ellis, former Commonwealth Bank of Australia CEO Ralph Norris and corporate farmer Jim van der Poel.

Norris and van der Poel are Fonterra's appointees to the board though it also named the three independents including Shewin. In future, the independents will be elected by unit holders.

The five are directors of FSF Fund Management Co, the manager of the Fonterra Shareholders' Fund.

The fund expects to release its prospectus this month.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

FBU - Fletcher Building Announces Director Appointment
December 23rd Morning Report
MWE - Suspension of Trading and Delisting
EBOS welcomes finalisation of First PWA
CVT - AMENDED: Bank covenant waiver and trading update
Gentrack Annual Report 2024
December 20th Morning Report
Rua Bioscience announces launch of new products in the UK
TEM - Appointment to the Board of Directors
December 19th Morning Report