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14 May 2021 10:25
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  •   Home > News > Rural

    Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride

    Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride


    Fonterra
    Fonterra
    He'll take over the role in November at the co-operative's annual meeting.

    He was selected by farmer directors sitting on the board.

    Monaghan says the long handover will bring stability in line with Fonterra's progress made over the past two years to improve its strategy and financial results.

    McBride grew up on a dairy farm near Te Aroha and runs the family farm milking 950 cows in south Waikato.

    © 2021 Newstalk ZB, NZCity


     Other Rural News
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
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     21 Apr: A blip in international dairy prices isn't rattling Fonterra's boss
     21 Apr: Dairy prices have dipped at Fonterra's latest Global Dairy Trade auction overnight
     07 Apr: Fonterra's Global Dairy Trade auction has recorded a slight rise in prices overnight
     01 Apr: Fonterra has completed the sale of two farming hubs in China for more than 550 million dollars
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