Former PwC chief executive Bruce Hassall will add Fonterra Cooperative Group to his list of corporate directorships when the joins the board of the country’s biggest company in November.
Hassall will replace David Jackson as an independent director after Fonterra’s annual meeting on Nov. 2, the Auckland-based cooperative said in a statement. Hassall retired from PwC last year, ending seven years running one of the country’s big four accounting firms, and has been taking on governance roles over the past 18 months joining the boards of Bank of New Zealand, Fletcher Building, Farmer’s Trading Co, and Prolife Foods.
Jackson’s retirement will end 10 years on Fonterra’s board, where he has chaired the audit and finance and nominations committees, and the milk price panel. He backed Fonterra’s strategy and staff, saying they were the right mix “to deliver the best possible returns for its farmers today and in the future” and that he will devote “more time to my other interests”. Jackson was recently appointed Tegel Group Holdings chairman after his predecessor James Ogden unexpectedly left after less than a year in the job.
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