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Board changes at Fonterra

fonterraFonterra Co-operative Group has confirmed board member, Sir Ralph Norris, will not continue his term on the board following the company’s annual meeting in November.

Norris joined the board in May 2012 as an independent director. Fonterra says Norris made the decision to leave due to other commitments.

Norris is also resigning from the board of the manager of the Fonterra Shareholders’ Fund, also in November.

The board will initiate a process to identify a new independent director, which will include consultation from the Board of the Manager of the Fonterra Shareholders’ Fund.

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