A new Independent Director, Clinton Dines is set to take up a board position at Fonterra Co-operative Group Limited starting on the 25th November.
In seeking a director with a broad range of talent and depth of business experience, Chairman John Wilson believed Dines’ experience as a senior executive for BHP Billiton in China would assist in managing the complexities of the large business.
“China is one of BHP’s biggest markets. Taking up the role with BHP in 1988, Mr Dines inherited a small trading business of A$20 million. During his tenure the company experienced a sustained period of very strong growth as China’s demand for commodities accelerated dramatically,” Wilson said.
During his time at BHP in China, Dines managed the impacts of global commodity price fluctuations when prices were low and while they were in a boom market within the last seven years.
The company experienced a sustained period of very strong growth as China’s demand for commodities accelerated dramatically.
Dines was also closely involved in one of the earliest joint ventures established in China in 1980, and was then continuously involved in a range of business ventures across a variety fo Chinese industries.
The ability to set up and run investments for a company like Fonterra that is undertaking significant change will be highly welcome as the business aims to further develop its brand in both Chinese and Australian markets, the company said.