Articles tagged Fonterra

From Whangarei down to Invercargill this week Fonterra’s farmer-shareholders went looking for answers from their co-op’s directors. Its mediocre performance, stagnant dividend and share price, large write-down in China, erosion of equity, and their desire to change boardroom culture and leadership were top of their questions.

Chairman John Wilson and CEO Theo Spierings have been the double act governing Fonterra since 2012. Following Spierings' resignation, Bernard Hickey assesses their legacy as no great success, but also no great failure. It could have been worse, or so much better.

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Rod Oram delves behind the scenes of Fonterra's Beingmate debacle in this week's column. He finds the board will have to make a momentous decision that has parallels with Fletcher Building's eventual removal of its CEO and retirement of its Chairman.