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 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.