NEW ZEALAND: Former Fonterra director spills beans on his resignation
Mike Smith, the former director of NZ dairy giant Fonterra who resigned last month, has spoken to farmer members about his decision to leave the company. Smith confirmed what analysts and shareholders had already suspected; that he was unhappy with the governance of the newly created mega-dairy. He told 46 farmer representatives called to a meeting by council chairman John Wilson that the group was in no immediate danger, but that he was concerned "about what the current below-par performance might mean for the future," council member Charlie Pederson is reported as saying by
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Quorn CEO sets out stall for 2017 - interview
- How Tyson's new CEO plans to grow the meat group
- Mondelez goes beyond certified cocoa - analysis
- Nestle unveils process to cut sugar by 40%
- Putin 'wants embargo to run as long as possible'
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- McCormick to buy flavours business Enrico Giotti