Candidates For Fonterra Elections Announced

Friday 19 August 2005
For Immediate Release

CANDIDATES FOR FONTERRA ELECTIONS ANNOUNCED

Fonterra Board of Directors Election

There will be no election for the Fonterra Board of Directors in 2005.

This year, the three sitting directors, Greg Gent, Earl Rattray and Jim van der Poel, have been elected unopposed. Each year, a third of the directors elected by the shareholders must retire by rotation.

Mr Lampp also confirmed there would be elections in two wards for the Fonterra’s Shareholders’ Council, and an election for the Directors’ Remuneration Committee.

Shareholders’Council Elections

For the Shareholders’Council wards, shareholders will receive two votes (voting papers) per farm. The two wards are:

Ward Vacancies Candidates

13 Hauraki 2 Michael Karl
Dirk Seiling
John Bubb

17 South Taranaki 1 (retirement) Mike Swift
Ross Johnston

In the eight other wards, there were the same number of nominees as vacancies for the Shareholders’ Council. In those wards, Fonterra’s Chairman will declare the nominees elected as councillors once some formalities have been completed.

The councillors-elect are:

Ward 1 –Northern Northland
Kevin Baxter

Ward 4 – South Auckland
Lachie Cameron
Bill Millar

Ward 7 - Otorohanga
Robyn Clements
William Berkers

Ward 10 –South Waikato
Philip White
Ian Brown

Ward 16 –Central Taranaki
Bill Gribble
Mark Masters

Ward 19 – Wairarapa
John Monaghan

Ward 22 – Canterbury North
Geoff Stevenson
Gail Woods

Ward 25 –South Central/West Southland
Philip van der Bijl
Lloyd McCallum

Bill Millar, William Berkers, Ian Brown, Geoff Stevenson and Gail Woods are new councillors. The others are sitting councillors who sought re-election when their wards were selected for election by rotation. Under the Council by-laws a third of councillors must retire every year by rotation.

Directors’ Remuneration Committee

There are four candidates standing for the two places on the Directors’ Remuneration Committee. Ray Shaw and Murray Holdaway are standing against the two sitting members, Tom Lees and Peter Ferguson.

The three contested elections will run concurrently by postal, fax and internet voting, using the Single Transferable Vote (STV) voting system. Voting will run from 5 September to 10 October with the results announced at the Annual Meeting on Tuesday 11 October at Forum North, Whangarei.

Voting packs will be sent to shareholders on 5 September 2005.

ENDS

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