[31 October/NZ Farmer]

Zespri chairman, Peter McBride, has announced that he will resign for the role in February next year and will not seek re-election to the board when his term expires in the middle of next year. Mr McBride had previously told Fonterra shareholders, were he is running for election to the board, that he is coming to the end of his governance career at Zespri and but believes that he has the experience, credibility, energy and personal commitment to make a significant contribution to NZ agribusiness and Fonterra. He has been on the Zespri board since 2002 and has led the company during the period that the industry has recovered strongly from the PSA incursion. Zespri have subsequently announced that the board will be looking to appointment Bruce Cameron, the current deputy chairman, as chairman to replace Mr McBride.