Sir Henry seeking fourth board term
Putaruru’s knight, Sir Henry van der Heyden, has unfinished business with Fonterra.
Sir Henry is seeking a fourth term on the dairy giant co-operative’s board.
Sir Henry, who has served as chairman for three terms, is standing for re-election alongside fellow directors Malcolm Bailey and Ian Farrelly.
Sir Henry has chaired Fonterra since its formation in 2001 and said his work at Fonterra was not finished.
‘‘I am still pretty motivated and there are still two or three things I want to take off,’’ Sir Henry said.
‘‘One is becoming bigger and bigger, getting New Zealand on side with Fonterra.
‘‘Fonterra and New Zealand both need each other. What’s good for Fonterra is good for New Zealand and what’s good for New Zealand is good for Fonterra.’’ Sir Henry said he also wanted to see the execution and implementation of trading among farmers (the reform of Fonterra’s capital structure).
‘‘We have got very strong support from the farmers and I want to see that,’’ Sir Henry said. Fonterra is working with external advisers with specific capital markets experience, including First NZ Capital-Credit Suisse and Deutsche BankCraigs Investment Partners, to develop the technical details for a new Fonterra shareholders’ market and Fonterra shareholders’ fund.
‘‘The industry has always had very strong leaders (and I want to make sure we are) turning to young farmers for future leadership on the board or on to the shareholders’ council,’’ he said.
Nominations for the three seats are closed but Fonterra elections returning officer Warwick Lampp said names of candidates would not be released until October 1. Nominees can be grilled by Fonterra’s candidate assessment panel and its report is added to election material sent to the cooperative’s 10,500 farmer shareholders. Candidates who get a bad report may withdraw.
Fonterra Shareholders’ Council member Ian Brown intends to stand again for the South Waikato Ward. Voting is from October 21 to November 16.