Since March, Fonterra has been meeting with investors in a series of roadshows across New Zealand, Australia and Asia.
In a pitch led by industry veterans René Dedoncker and Paul Victor, the dairy co-op has been telling potential buyers what makes its consumer business – named Mainland Group and comprising regionally well-known brands such as Anchor, Mainland and Western Star – an attractive investment.
Fonterra also continues to progress the trade sale process. The co-op is at the stage where potential purchasers may pre-emptively seek regulatory approvals: a standard step ahead of any deal being agreed.
Laying the groundwork for a potential IPO, Fonterra has named Anne Templeman-Jones as chair-elect of the Audit and Risk Committee for the Mainland Group Board. This follows the appointments in March of Elizabeth Coutts ONZM as chair-elect to the Group’s board.
Templeman-Jones has extensive experience in executive and board roles across a range of sectors.
With a career spanning the banking and financial services, consumer goods and energy sectors, her governance roles include nine years with the CBA Group, including six as chair of the Group Audit Committee, two years as chair of Blackmores Group, and seven years on the board of Worley Limited, including five years as chair of the Audit and Risk Committee.
