Ralph Norris made the decision not to continue his term as an Independent Director on the Fonterra Board due to his other commitments.
Norris joined the Board in May 2012 as an Independent Director, and his term will finish following the Co-operative’s Annual Meeting on 25 November 2015.
Norris is also resigning from the Board of the Manager of the Fonterra Shareholders’ Fund, from 25 November 2015.
The Fonterra Board will initiate a process to identify a new Independent Director, which will include consultation with the Board of the Manager of the Fonterra Shareholders’ Fund. In the meantime Norris will continue on both boards until the Fonterra Annual Meeting in November 2015.