Final Candidates for Fonterra Elections Announced

Following the completion of the Self Nomination Process for the 2018 Directors’ Election Process, there are five candidates standing for three places on the Fonterra Board in 2018.

Peter McBride, Jamie Tuuta and Ashley Waugh were announced two weeks ago as the Independent Nomination Process candidates. All three candidates were nominated by the Fonterra Board after being recommended by the Independent Selection Panel. The process for their nomination was supported by the Shareholders’ Council in accordance with the Independent Nomination Process.

The Self Nomination Process, where farmers can stand as a candidate for the Board with the support of 35 different shareholders closed on Thursday, 20 September. Leonie Guiney and John Nicholls have chosen to stand as candidates through the Self Nomination Process this year.

The forthcoming election will now require Fonterra shareholders to consider the five candidates. To be elected to the Board each candidate must receive more than 50% shareholder support. If more than three candidates receive more than 50% shareholder support the three candidates with the highest levels of support will be elected.

Fonterra Director Candidate Meetings

Fonterra shareholders have the opportunity to meet Director candidates at seven locations throughout the country, starting in Invercargill on Tuesday, 23 October and finishing in Whangarei on Friday, 26 October, as follows.

The shareholder-only meetings provide an opportunity for the candidates to explain how their governance skills and attributes meet the requirements of Fonterra shareholders and the Board.

Date Time Location Venue
Tuesday, 23 October 10.00am Gore Heartland Hotel, 100 Waimea St, Croydon, Gore
Tuesday, 23 October 7.00pm Ashburton Ashburton Hotel, 11/35 Racecourse Rd, Allenton, Ashburton
Wednesday, 24 October 10.30am Palmerston North Awapuni Racecourse, Racecourse Rd, Palmerston North
Wednesday, 24 October 7.00pm Stratford Stratford Golf Club, Pembroke Road East, Stratford
Thursday, 25 October 11.00am Rotorua Holiday Inn, 10 Tyron St, Whakarewarewa, Rotorua
Thursday, 25 October 7.00pm Hamilton Mystery Creek Events Centre, 125 Mystery Creek Rd, Hamilton
Friday, 26 October 11.30am Whangarei The Barge, 474 Maunu Road, Whangarei

Directors’ Remuneration Committee Election

The Returning Officer, Warwick Lampp, confirmed there will not be an election for the Directors’ Remuneration Committee, as shareholders David Gasquoine and Stephen Silcock stood unopposed.

Shareholders’ Council Elections

Nominations have also closed for the Shareholders’ Council Elections in 10 wards. An election is required in two wards, as follows:

Ward Candidates

7 – Waipa Nick Palairet
Andrew Reymer
Mike Montgomerie

19 – Tasman Sue Brown
Deborah Rhodes

There was one nomination received in each of the other eight wards, so no election is required. The formal declaration of these candidates as Shareholders’ Councillors will be made in conjunction with the results of the elections at the Annual Meeting.

The Councillors-elect are:

Ward 1 Northern Northland Luke Beehre
Ward 4 Waikato West Ross Wallis
Ward 10 Northern Bay of Plenty Don Hammond
Ward 13 Central Taranaki Noel Caskey
Ward 16 Central Districts West Robert Ervine
Ward 21 Central Canterbury Mark Slee
Ward 22 South Canterbury Michelle Pye
Ward 25 Western Southland Simon Hopcroft

Five of the eight Councillors-elect are incumbents who stood unopposed. The two new Councillors-elect are Mark Slee in Central Canterbury and Simon Hopcroft in Western Southland.

Voting Period, Voting Methods and Notification of Election Results

Voting Packs, containing candidate profiles, will be mailed to eligible shareholders on Monday, 15 October 2018. Shareholders can vote by internet or post, using the First Past the Post, Majority system. Voting closes at 10.30am on Tuesday, 6 November 2018 with the results being announced later that day.

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