Fonterra chairman stands downs on health scare

Company News

by Jessica Amir

Fonterra Shareholders' Fund (ASX:FSF) chairman John Wilson has stood down as Chairman as he recovers from a serious health scare.

Last month he underwent a ‘significant’ operation and will be needing ongoing-medical treatment,.

He stood down with immediate effect as chair, but will remain a director until the AGM in November.

The chairman post has been filled by a director on the board, John Monaghan, who has farming interests and also grew up on a dairy farm.

All this comes at a time when the group is searching for a new CEO ahead of Theo Spierings leaving. 

Shares in Fonterra Shareholders' Fund (ASX:FSF) closed 0.21 per cent higher at $4.73

And on behalf of FNN, we wish John Wilson the very best in his recovery.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.