.jpg?width=1200)
Invercargill dairy farmer Peter Moynihan has missed out on a seat on the Fonterra board, with shareholders re-electing Cathy Quinn and electing Mark Cox, results released to the NZX on Tuesday show.
Four candidates contested two farmer-elected director positions. Mr Moynihan and Jessie Chan were not elected.
Returning officer Warwick Lampp, of electionz.com, declared the results. Shareholders could vote online or by post, and voting closed at 10.30am on Tuesday.
Mr Moynihan has two dairy farms in Southland and a stake in a third, Rural News reported in October. The Otago Daily Times described him in September as a Southland dairy farm owner based in Invercargill.
He is stepping down as chair of The Power Company Ltd Group, sat on the Ravensdown board as an elected director for 11 years, and worked for more than three decades as a senior agribusiness banker.
All four ran as independently assessed candidates.
Ms Chan, the other unsuccessful candidate, sits on the boards of the Ngāpuhi Investment Fund, AgriZero and Āmua Innovation, and has previously been a director of AgResearch, Ngāi Tahu Farming and RuralCo.
Ms Quinn now begins a third three-year term. She leads the board committee that ran Fonterra's strategic review, including the sale of its global consumer business.
Outside Fonterra she is chair of Tourism Holdings, sits on the Fletcher Building and Rangatira boards, and practised commercial and corporate law for over 30 years.
Mr Cox is the founder of Coxco Group, a squash exporter supplying Japan and Korea, and of the investment firm Craigmore Sustainables. His board roles include Rakaia Irrigation and an advisory seat with Ngāi Tahu Farming.
Two seats were open because Waikato director Brent Goldsack is leaving after nine years and Ms Quinn's term was up under the board's rotation rules.
Don Moore was returned to the Co-operative Council without a contest for Ward 24, Eastern Southland.
No vote was needed for the Directors' Remuneration Committee either, with Simon Couper and Berenice Jensen the only nominees.
Ward 3, Southern Northland, was the only contested Co-operative Council ward. Adam Cullen won it.
What happens next
Ms Quinn, Mr Cox and the other successful candidates join their roles when Fonterra's annual meeting ends on Thursday 12 November.
The NZX announcement did not say how many votes each candidate received or what the turnout was.
Comments
Sign in or join free with your Southland Noticeboard account to comment.
Comments appear straight away under your display name; your email is never shown. Keep it civil, on topic and lawful: no abuse, no personal attacks, and nothing that could prejudice a court case. The newsroom removes comments that break the community rules.