NOMINATIONS DOCUMENTS READY FOR FONTERRA BOARD OF DIRECTORS

NEWS RELEASE



2 August 2019 For Immediate Release


NOMINATIONS DOCUMENTS READY FOR FONTERRA BOARD OF DIRECTORS’ ELECTION

Nominations for the Fonterra Board of Directors’ Election open on Friday, 2 August with an election
to be held for two farmer-elected Directors.

This year Donna Smit and Andy Macfarlane retire by rotation. Both have confirmed that they are
standing for re-election this year.

The Independent Assessment Process will be run first with a nomination period of 2-16 August 2019.
The Independently Assessed Candidates will be rigorously assessed by an independent Selection
Panel of three highly respected governance experts. This year, the Panel comprises Tony Carter
(Chairman of Air New Zealand and Fisher & Paykel Healthcare), Joan Withers (Chair of Mercury NZ
and The Warehouse Group) and Rob Campbell (chair of Skycity Entertainment Group, Summerset,
Tourism Holdings and WEL Networks). Their role is to shortlist and recommend the best candidates
to Fonterra’s Shareholders.

The Returning Officer will announce the Independent Nomination Process candidates on 17
September 2019.

The Non-Assessment Process, where farmers can put themselves forward as a candidate for the
Board outside the Independent Assessment Process, will follow with the nomination period running
from 17- 27 September 2019.

The Returning Officer will confirm all Farmer Directors’ Election candidates on 30 September 2019.

The Directors’ Election will be held using the ‘first past the post’ system via postal and online voting
by Fonterra shareholders.

The Independent Selection Panel search brief along with the Candidate Handbook are now available
from the Returning Officer. These documents provide prospective Director candidates with
information on all aspects of the Election process including details of the skills and attributes that the
Board is looking for in 2019.

Nominations for the Shareholders’ Council, Directors’ Remuneration Committee, and Fonterra
Farmer Custodian Trustee Elections will be called for on 11 September, and close at 12 noon on 23
September.

Fonterra shareholders are eligible to stand for the Fonterra Elections. Candidates must satisfy
eligibility requirements to be elected and further procedural requirements are specified in the Election
rules and the Candidate Handbooks.



Warwick Lampp
Returning Officer – 2019 Fonterra Elections
Email: iro@electionz.com
Mobile: 021 498 517
Election Helpline: Free Phone 0800 666 034