Fonterrra chairman John Wilson comfortably re-elected despite fallout from low milk prices

Mon, 23 Nov 2015

By Fiona Rotherham Nov. 23 (BusinessDesk) - Fonterra Cooperative Group shareholders have re-elected chairman John Wilson to the board despite speculation there has been a campaign to remove him from office after he and the dairy giant came in for criticism by its farmer suppliers who’re struggling with low milk prices. Incumbents Wilson and Nicola Shadbolt have been re-elected to the board while Blue Read was voted out in favour of newcomer Te Awamutu farmer Ashley Waugh. Wilson said the result, which saw him re-elected with an increas...

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