Fonterra has appointed director Bruce Hassall to the Milk Price Panel, following the increase in the panel's size to seven members.

The appointment of Hassall, who previously served as a member of the panel, comes after Fonterra's shareholders voted to amend the constitution in November 2023.

According to Fonterra, Hassall will be an independent member of the panel, which is required to have a majority of independent members.

The company's decision to appoint Hassall as an independent member aligns with the Fonterra Shareholders' Market Rules.

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