Posts tagged "John Wilson"

Former Fonterra chairman John Wilson dies

[28 January/NZ Herald] John Wilson, Fonterra’s former chairman, has died. Mr Wilson stood down from the top role at the company in July after a serious health scare and Fonterra reported that Mr Wilson, who was in his mid-50s, passed away after a hard-fought battle with illness. He is survived by his wife and four...

Beingmate write down behind Fonterra first-half loss

[22 March/Otago Daily Times] Fonterra has posted a $348 million after tax loss for its first half of trading, largely due to the $405 million write-down in the value of its stake in Chinese infant formula distributor, Beingmate. Fonterra Chairman, John Wilson, said shareholders would be rightfully disappointed with this outcome and that Beingmate’s continued...

Fonterra cuts its milk price forecast

[7 December/ Stuff] Fonterra has decreased its forecast payout for the 2017-18 season by 35 cents to $6.40 per kilogram of milk solids. Based on DairyNZ production figures of 1.85 billion kilograms of milk over the season, the 35 cent decrease equated to lost income of $647 million for farmers. For the average farmer milking...