Fonterra board starts planning chair succession

Fri, 20 Sep 2019

By Rebecca Howard Sept. 20 (BusinessDesk) - Fonterra Cooperative Group's board has started thinking about who should lead the country's dominant dairy processor through its new strategy, but that won't necessarily see John Monaghan leave. Independent director Simon Israel will step down from the board at this year's annual meeting in November, and with chair Monaghan scheduled to retire by rotation in 2020, Fonterra's directors will start work on who will oversee the new direction. "Having seen through the introduction of our new str...

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