Fonterra chairman John Wilson steps down after health scare

July 27, 2018
Fonterra chairman John Wilson.

Fonterra chairman John Wilson has stood down from his role with immediate effect due to a health scare.

Within the past month he had major surgery and needs ongoing treatment.

He has been replaced by John Monaghan. 

John Wilson recently had major surgery and needs on-going treatment.

“Continuing as chairman when I cannot put my full energy and attention into the role is not appropriate," said Mr Wilson, who will remain a director until November's AGM. 

Fonterra is New Zealand's largest company.

Earlier this year Theo Spierings stepped down as chief executive. 

It posted a net $348 million loss for the six months to January 31, after writing down a Chinese investment. 

The result was on revenue of $9.8 billion.

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