Fonterra's under-performance since creation 'unambiguous': Shareholders' Council

Wed, 07 Nov 2018

By Pattrick Smellie Nov. 8 (BusinessDesk) - Independent financial analysis of Fonterra since its creation in 2001 shows an "unambiguous" pattern of commercial under-performance, says Fonterra Shareholders' Council chairman Duncan Coull. The council lodged a report at today's annual general meeting of farmer-shareholders in the dairy cooperative at Lichfield, in the Waikato. "The assessment clearly shows that Fonterra's performance since inception has been unsatisfactory," says Coull in opening remarks to the analysis, undertaken by invest...

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