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.