Scott St John Will Step Down From The Fonterra Board, Effective From March Next Year

Scott St John will step down from the Fonterra board, effective from March next year. He has been an independent director of the co-op for seven years and is leaving due to workload and governance commitments. He was appointed to the Fonterra board in 2016 and is currently a member of Fonterra’s audit, finance and risk committee, sustainability and innovation committee, and disclosure committee. He was previously chair of the milk price panel for over six years. He is also chair of Fisher and Paykel Healthcare and on the boards of ANZ Bank is about to be chair of Mercury NZ Limited. Fonterra will now begin the search process to replace St John.