Fonterra Elections Nominations Close Tomorrow

Joint Returning Officers Kerry Heath and Pam Hikuroa have reminded Fonterra Co-operative Group Ltd shareholders that nominations for the Board of Directors and Shareholders' Council elections must be received by them by noon tomorrow, Thursday 28 March.

Nominations can be faxed to 0800 10 12 14 or mailed to P O Box 30 352, Lower Hutt.

Candidates for the elections have to be Fonterra shareholders, or a shareholder of a company or a member of a partnership that is. Candidates also have to be nominated and seconded by Fonterra shareholders. Nomination forms were posted to shareholders on 12 March.

Three Directors will be elected in a nationwide vote. Councillors will be elected in selected wards.

A third of the shareholder-elected directors - three this year - and a third of councillors retire annually. The Directors and Councillors to stand down this year were selected by ballot and they can seek re-election. There is an election in one additional Shareholders' Council ward because a casual vacancy has arisen.

The Shareholders' Council elections are in wards: 1 - Northern Northland, 4 - South Auckland, 7 - Otorohanga, 10 - South Waikato, 12 - Te Aroha (casual vacancy), 13 - Hauraki, 16 - Central Taranaki, 19 - Wairarapa, 22 - Canterbury North, and 25 - South Central / Western Southland.

The two elections will run concurrently. Voting will run from 30 April to 17 May and results will be finalised and appointments made by 31 May.

The Single Transferable Vote (STV) voting system will be used for both elections.

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