Fonterra loses veterans
Bega, Mainland and Western Star owner Fonterra has announced that farmer directors David MacLeod and Ian Farrley will retire.
Its the second-time Farrley will leave the Board in recent years, after returning to fill a casual vacancy created by the depature of Michael Spaans in January.
For MacLeod the news brings an end to a six-year tenure with Fonterra, in which time the company introduced its Trading Among Farmers business strategy.
MacLeod said his decision was difficult, but after discussions with his family he’s decided to focus more on other governance roles.
Fonterra chairman John Wilson said MacLeod was a dedicated and hardworking director who is strongly committed to the co-operative’s principles.
“On behalf of the Board and our farmers, I’d like to personally thank MacLeod for his contribution and commitment to our Co-operative over the last six years. He has served on our Board during a period of significant change, including the introduction of Trading Among Farmers, our business strategy refresh and more recently the governance and representation review,” said Wilson.
“He always demonstrated considerable commercial acumen, energy and passion for regional New Zealand in his role on the Board. We wish MacLeod well in his future endeavours and look forward to continuing to work with him in his various and future leadership roles.”
MacLeod has been the chairman of Taranaki Regional Council since 2008, and is also the director of Predator Free 2050 Limited as well as member of Parininihi ki Waitotara Incorporation’s committee of management.
He joined the Fonterra Board in 2011 as a member of the Board’s Co-operative Relations Committee and Risk Committee. He has also previously served on the Audit and Finance Committee. He made a valuable contribution to the Co-operative’s governance and representation review, actively participating in the joint Board and Shareholders’ Council working group.