Fonterra CEO confident farmers will back proposal

Fonterra CEO Miles Hurrell says feedback from farmers is positive. (Image: Supplied)

Fri, 03 Dec 2021

With just under a week to go, Fonterra chief executive Miles Hurrell is optimistic farmers are going to vote in favour of the dairy giant’s proposed capital restructure.“’We are feeling confident about that. We always said we wouldn’t take it to the vote unless we felt there was some momentum,” he said.“We went through the consultation process and got lots of feedback from our farmer-owners. So we feel confident,” he said. Fonterra kicked off consultation about the proposal last May when it warned...

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