Scott St John leaves Fonterra Fund manager's board as units hit record low

Thu, 28 Feb 2019

By Paul McBeth March 1 (BusinessDesk) - Fonterra director and veteran capital markets executive Scott St John has left the board of the shareholder fund's manager, the same day the units plunged to a new low. A notice to the Companies Office last night noted St John ceased being a director of FSF Management Co, the manager of the dual-listed Fonterra Shareholders' Fund, which gives investors exposure to the cooperative's earnings stream. He is still a director of Fonterra. The fund's units closed at a record low $4.17 yesterday, slum...

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