There is life left in Fonterra's shareholder fund say chairs

New chair, Mary-Jane Daly. (Image: NZME)

Tue, 14 Nov 2023

Fonterra still has “no intention” of winding up its shareholder fund, with the co-op’s chair, Peter McBride, saying it hasn’t even been discussed this year.The co-op held its annual meeting in Methven last week, announcing its climate targets and providing an outlook for its farmer-owners as it seeks $1 billion in cost-cutting over the next seven years.The annual meeting for holders of units in its shareholders’ fund in Auckland on Monday was a more subdued meeting than last year’s after investors made a...

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