Fonterra Shareholders Fund

[Balance]

http://www.nzherald.co.nz/rural-busi...ectid=10738429

This is what the Fonterra Shareholders' Council, which represents the farmer shareholders of Fonterra, said when Theo was appointed :

"The appointment of the right person is a vital step for the co-operative and Mr. Spierings' vast experience at the helm of not only a dairy company but also a co-operative should ensure he comes to grips quickly with the unique model and values that have been so instrumental in driving us forward over the past decade," said Council chair Simon Couper. "His expertise and recognition amongst his peers for his leadership, delivery of results and strategic skills should bring a raft of tangible benefits to the table as we move into our second decade".

Oops!

Proved to be the wrong man for the job - grossly overpaid with no strategic vision beyond throwing more hundreds of millions of dollars at bad investments and losing hundreds of millions of dollars by making bad decisions.

Money aside, think of the wasted opportunities - could have invested in ATM!

[dodgy]

http://www.nzherald.co.nz/rural-busi...ectid=10738429

This is what the Fonterra Shareholders' Council, which represents the farmer shareholders of Fonterra, said when Theo was appointed :

"The appointment of the right person is a vital step for the co-operative and Mr. Spierings' vast experience at the helm of not only a dairy company but also a co-operative should ensure he comes to grips quickly with the unique model and values that have been so instrumental in driving us forward over the past decade," said Council chair Simon Couper. "His expertise and recognition amongst his peers for his leadership, delivery of results and strategic skills should bring a raft of tangible benefits to the table as we move into our second decade".

Oops!

Proved to be the wrong man for the job - grossly overpaid with no strategic vision beyond throwing more hundreds of millions of dollars at bad investments and losing hundreds of millions of dollars by making bad decisions.

Money aside, think of the wasted opportunities - could have invested in ATM!

Hi Balance
I think its time for a clean out - Wilson down with ONLY experienced Kiwi Director (Wilson is homegrown) and management replacements. Surely there is someone from within or doesn't management work towards ultimate progressive replacement of troops these days. We did in my day - nobody is that great. It is all very well saying our profit is compromised by 1 offs and normalised would be.... to me what is normal is what you get with or without stuff ups. This problem is not confined only to Fonterra but invades many listed companies along with the abrigation of responsibility but the use of "consultants". We have great people in this country - time to use them and them to step up - either sex.
Comments?
-dodgy

[Balance]

Hi Balance
I think its time for a clean out - Wilson down with ONLY experienced Kiwi Director (Wilson is homegrown) and management replacements. Surely there is someone from within or doesn't management work towards ultimate progressive replacement of troops these days. We did in my day - nobody is that great. It is all very well saying our profit is compromised by 1 offs and normalised would be.... to me what is normal is what you get with or without stuff ups. This problem is not confined only to Fonterra but invades many listed companies along with the abrigation of responsibility but the use of "consultants". We have great people in this country - time to use them and them to step up - either sex.
Comments?
-dodgy

Start by dismantling Fonterra's co-operative shareholding structure and do so by listing the company on the market properly. A listing can allow for more transparency of ownership and a better reward system for good performing managers.

Then, start a divisional restructure of the company so that well qualified and experienced managers are appointed to run the smaller units, with pay and rewards linked to performances.

Everything else will follow after that.

What a tragedy for Font-error to miss out on ATM but what a blessing for the share market and for investors!

[Ggcc]

Start by dismantling Fonterra's co-operative shareholding structure and do so by listing the company on the market properly. A listing can allow for more transparency of ownership and a better reward system for good performing managers.

Then, start a divisional restructure of the company so that well qualified and experienced managers are appointed to run the smaller units, with pay and rewards linked to performances.

Everything else will follow after that.

What a tragedy for Font-error to miss out on ATM but what a blessing for the share market and for investors!

100% agree with your statement

[bull....]

too many mistakes in executing strategy , esp china

[Balance]

too many mistakes in executing strategy , esp china

http://www.nzherald.co.nz/business/n...ectid=12013178

South America is another disaster area - Font-error is hopeless outside of NZ it seems.

[777]

Maybe Babidge would be a good CEO replacement.

[Balance]

https://www.stuff.co.nz/business/102...never-got-them

Hell of a time after 7.5 years to say that the CEO of their company does not get them!

What a pathetic bunch of farmers they are indeed!

No wonder Fonterra continues to be a commodity price taker while its competitors like Danone, Nestle and Kraft moved away a long time ago into all the value add products like chocolates, infant formula, etc etc. They were happy for Fonterra and its cow cockies do the hard work of producing milk and be at the mercy of the wholesale dairy prices.

[bohemian]

Fonterra should never have been allowed to be a " co-operative" they are relics of a failed socialist past. The mere fact the farmers still support this form of ownership speaks volumes on their lack of business acumen. Kiwis deserve much better, Fonterra affects the wellbeing of everyone and it does need to be professionally governed. I would also like to know who had the responsibility of doing the due diligence on buying into Beingmate and what are the consequences. I also want to know and have publically published the reasoning for not buying into A2 five years ago. I and other A2 shareholders saw the potential, why didn't the farmers on the Fonterra board. They should be sacked.

[whatsup]

Fonterra should never have been allowed to be a " co-operative" they are relics of a failed socialist past. The mere fact the farmers still support this form of ownership speaks volumes on their lack of business acumen. Kiwis deserve much better, Fonterra affects the wellbeing of everyone and it does need to be professionally governed. I would also like to know who had the responsibility of doing the due diligence on buying into Beingmate and what are the consequences. I also want to know and have publically published the reasoning for not buying into A2 five years ago. I and other A2 shareholders saw the potential, why didn't the farmers on the Fonterra board. They should be sacked.

boh, You really don't know the genesis of the Co-op model, Co-ops started when there was NO capital for ANYTHING in N Z so "interested ": parties had to band together to make things happen/possible thus the Co-op ( co-operative ) was born.