Michael Spaans resigns from Fonterra Board

Dairy processor Fonterra’s  Director Michael Spaans has stepped down from the Board of the co-operative with effect from 31 January 2017 due to ill health. Fonterra Chairman John Wilson said that
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Fonterra posts $807 million profit

New Zealand dairy giant Fonterra has announced a 65 per cent increase in net profit after tax to $807 million (NZ$834 million) for the year ended 31 July 2016.
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