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20 Oct 2021 1:32
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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

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