Fonterra Co-operative Group Limited has appointed the establishment board of FSF Fund Management Company Ltd, the Manager of the Fonterra Shareholders’ Fund.
The five directors are:
- John Shewan Independent Director (Chair)
- Pip Dunphy Independent Director
- Kim Ellis Independent Director
- Sir Ralph Norris Fonterra Appointed Director
- Jim van der Poel Fonterra Appointed Director
Fonterra Chairman Sir Henry van der Heyden said the governance of the Fund at the time of its launch is likely to be closely scrutinised by farmer shareholders and potential investors.
"The appointment of these five well-known members of New Zealand’s business and dairy sectors is another important Trading Among Farmers milestone," he said.
The initial directors of the establishment board of the Manager of the Fund have been appointed by Fonterra. However, in the future three directors will be elected by unit holders and two directors will be appointed by Fonterra.
Biographies of the Fund Manager Directors
John Shewan, Independent Director and Chair
CNZM, BCA (Hons.), FCA
Former PriceWaterhouseCoopers Chairman, John Shewan, is currently an Adjunct Professor of Accounting at Victoria University. He also Chairs the Wellington Regional Stadium Trust and the Victoria University Business School Advisory Board, and is a director of Munich Holdings of Australasia Pty Ltd. John was a partner at PricewaterhouseCoopers from 1984, and Chaired the firm in New Zealand from 2003 to 2012. He has been a member of several Government advisory committees, and Chaired the New Zealand Government’s Tax Education Office from 1988 to 1998. He was appointed a Companion of the New Zealand Order of Merit in 2012.
Pip Dunphy, Independent Director
Pip Dunphy has worked in New Zealand financial markets for more than 20 years, assisting local and offshore companies in capital raising and risk management. She currently Chairs the boards of Mint Asset Management Limited and New Zealand Clearing and Depository Corporation Limited and is Deputy Chair of Auckland Transport. Pip’s other directorships include Abano Healthcare Group Limited, New Zealand Post Limited, New Zealand Superannuation Fund and Motu Economic and Public Policy Research. Previous roles have included directorships at the Accident Compensation Corporation and Earthquake Commission. Pip was a Monetary Policy Advisor to the Governor of the Reserve Bank of New Zealand 2009 to 2011.
Kim Ellis, Independent Director
BCA (Hons), BE (Hons)
Kim Ellis was the Chief Executive Officer of listed company Waste Management N.Z. Limited for 13 years, until its sale in 2006. He currently Chairs the boards of Enviro Waste Services Limited, New Zealand Social Infrastructure Fund Limited and Macaulay Metals Limited. Kim also holds several directorships including Freightways Limited, Ballance Agri-Nutrients Limited, The Tasman Tanning Company Limited, Jucy Group Limited and Moa Group Limited. He is also a member of the Trust Board of Wanganui Collegiate School. He has previously led companies and organisations in a number of market sectors including health, manufacturing, distribution, transport, property, agriculture and fashion.
Sir Ralph Norris KNZM, Fonterra Appointed Director
Sir Ralph Norris joined the Fonterra Board in 2012 as an Appointed Director. He sits on the Appointments, Remuneration and Development Committee. Sir Ralph also serves on the board of Origin Energy Limited and on the Council of The University of Auckland. He was Chief Executive of the Commonwealth Bank of Australia for six years until December 2011 and, prior to that, he served as Chief Executive and Managing Director of Air New Zealand Limited from February 2002 to August 2005. Sir Ralph had a 40-year career in banking and served as the Managing Director and Chief Executive Officer of ASB Bank Limited from March 1991 to September 2001, and the Head of International Financial Services for the Commonwealth Bank of Australia from August 1999 to September 2001. Sir Ralph was made a Knight Companion of the New Zealand Order of Merit in 2009 and a Distinguished Companion of the New Zealand Order of Merit for services to business in 2006.
Jim van der Poel, Fonterra Appointed Director
Jim van der Poel was elected to the Fonterra Board in 2002. He serves on the Fair Value Share Review Committee, the External Relations Committee, the Supplier Relations Committee, the Milk Payments Working Group, the Capital Structure Committee and the Trading Among Farmers Due Diligence Committee, and is Chairman of the International Farming Ventures Group. Jim is also Chairman of the Spectrum Group of companies and a Trustee of the Asia New Zealand Foundation. Jim has won a number of industry awards including the AC Cameron Memorial Award, 2002 New Zealand Nuffield Farming Scholarship, Sharemilker/Equity Farmer of the Year and the Dairy Exporter Primary Performer Award. Jim and his wife Sue live at Ngahinapouri in the Waikato and have farming interests in Waikato, Canterbury and the United States.
Popular competitions and giveaways from Gimme.co.nz: NZ's People Powered Guide to Free Stuff. Links will open on Gimme.
Join Voxy on Google+.
Compare Credit Cards - Interest rate and fees comparisons for New Zealand banks.