Leadership change at Fonterra
A leadership change has been announced for New Zealand dairy giant, Fonterra.
Director Michael Spaans will be stepping down effective immediately due to ill health.
He has been replaced by Ian Farrely who is coming back out of retirement to re-join Fonterra. Farrely spent nine years as a Fonterra Director before retiring in December 2016.
Fonterra Chairman, John Wilson, said Spaans has contributed tirelessly to the New Zealand dairy industry.
“Michael, a dairy farmer, came up through the ranks, spending time on the New Zealand Dairy Group Shareholder Council and then the Fonterra Shareholders’ Council before building his governance experience outside the industry,” Wilson said.
“As a result, his insights and experience are invaluable, particularly on Fonterra’s Milk Price Panel, Audit and Finance Committee and the Co-operative Relations Committee,” Wilson stated.
Fonterra said that it has agreed with Michael that, when he is given a clean bill of health, he should consider standing again for the Fonterra Board.
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