fbpx

Appointment of Independent Director to Fonterra Board

Apr 28, 2020
328 Views

Fonterra today announced the appointment of a new Independent Director, Holly Kramer, who will join the Fonterra Board as an Independent Director on 11 May 2020.

Ms Kramer is based in New South Wales and has extensive governance, multinational, and retail business experience.

She currently holds a number of significant governance positions, including the Board of Woolworth’s where she is an Independent Non-Executive Director and Australia Post where she is Deputy Chair and an Independent Non-Executive Director.

Her previous governance roles include the Boards of Nine Entertainment Corporation, AMP Limited, and Telstra Clear (NZ).

During her management career, Ms Kramer held sales, marketing or senior leadership roles at the Ford Motor Company, Telstra Corporation and Pacific Brands. She was Chief Executive of major Australian retailer, Best & Less.

Chairman John Monaghan said the Co-operative’s Board was pleased to welcome Ms Kramer with her wealth of governance experience across a broad range of industries.

“Holly’s experience in customer-centered leadership, transformation, e-commerce, technology and multinational organisations will complement the existing collective skill set of our Board.

“She has a strong record of creating shareholder value across a broad range of industries and shares our commitment to the highest standards of governance.

“Holly’s experience, energy and international perspective will be assets for our Co-operative.”

Ms Kramer fills the vacancy left by Simon Israel when he retired from the Fonterra Board in November last year. Farmers will be asked to ratify her appointment as part of voting at this year’s Annual Meeting.

In accordance with the Fonterra Shareholders’ Market Rules, the Board of Fonterra Co-operative Group Limited has determined that Ms Kramer will be an Independent Director.

The Independent Directors of the Manager of the Fonterra Shareholders’ Fund support Ms Kramer’s appointment.

Master Plan Will Slow Down City: But What About Business?
Invercargill Central, Invercargill City Council
1850 views
Invercargill Central, Invercargill City Council
1850 views

Master Plan Will Slow Down City: But What About Business?

Aimee Wilson - Jan 23, 2021

Some business owners in the city feel that the council’s Master Plan could actually be detrimental to trading - particularly…

Southland Strokeplay Championships
News, Sports
623 views
News, Sports
623 views

Southland Strokeplay Championships

Jerrie Valli - Jan 23, 2021

Invercargill Golf Club is set to play host to the south's top golfers this weekend, as the Southland Strokeplay Championships…

Strong Winds for Clutha, Southland, Stewart Island
News, Southland
552 views
News, Southland
552 views

Strong Winds for Clutha, Southland, Stewart Island

News Desk - Jan 23, 2021

Heavy rain and gale northwesterlies for parts of central and southern New Zealand An active front is forecast to move…

Are You Prepared To Escape In A House Fire?
Community, News
2588 views
Community, News
2588 views

Are You Prepared To Escape In A House Fire?

News Desk - Jan 23, 2021

Another important message from Fire and Emergency New Zealand. Make sure all New Zealanders have a plan to escape their…

Take a Fly-Through The Invercargill Central Inner-City Redevelopment
Community, News
18769 views
Community, News
18769 views

Take a Fly-Through The Invercargill Central Inner-City Redevelopment

Mike Sanford - Jan 22, 2021

Take a fly-through the Invercargill Central inner-city redevelopment planned for the city block of Esk, Tay and Dee, Kelvin streets.…