NEW ZEALAND: Fonterra elections see shareholders opting for "substantial stability"
Of the three candidates elected to become the first farmer directors of New Zealand dairy behemoth Fonterra, two were re-elections, leaving chairman John Roadley to praise shareholders for opting for "substantial stability". Greg Gent and Earl Rattray were both re-elected as directors at the company's elections on Friday. Farmers' representative Jim van der Poel is the newcomer to the board.
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