Sir Henry seek­ing fourth board term

South Waikato News - - RURAL DELIVERY - By CHRIS GARDNER

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.

Waikato Times

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.