Farmer-director McBride Fonterra's new chairman

Fri, 26 Jun 2020

Farmer-director Peter McBride has been selected as Fonterra Cooperative Group’s next chairman. Former Zespri chairman McBride will replace John Monaghan when he retires the chair at the November annual meeting. Under Fonterra’s constitution, its chairman is selected by the board from within its pool of seven directors. The early announcement of McBride as chairman-elect is part of the board’s commitment to planned governance succession, said Monaghan. “Making this decision now also gives our farmer-owners transparency of leadership...

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