Peter Mcbride named as Fonterra's New Chairman | NZ Market Update

Dairy giant Fonterra has named Peter McBride as its new chairman. McBride will replace current Fonterra chairman, John Monaghan, when he retires as a director of the co-op at its annual meeting in November. Monaghan said that the early announcement of McBride as chairman-elect was part of the board’s commitment to planned governance succession. McBride is a former chairman of kiwifruit exporter Zespri, and was named the Deloitte Top 200 2018 New Zealand chairperson of the year.

Just months after opening New Plymouth's council-owned $28.7million airport needs a bailout of up to $25 million to survive. Any bailout loan would be on top of the $1.9m the New Plymouth District Council (NPDC) already forked out in May to carry the airport company through until the end of July. Since opening in March the airport almost immediately hit heavy turbulence. Just 18 days after accepting its first passengers it was closed due to level 4 Covid-19 lockdown.

Department of Conservation concession fees will be waived for 16 months as part of a $25 million tourism support package. Tourism Minister Kelvin Davis and Conservation Minister Eugenie Sage said the support would cover most DOC tourism-related concession fees from March 1, 2020, until June 30, 2021. It comes after persistent strain from tourism operators, who believed the continued collection of the fees was deceitful and harsh while the country's borders are closed and visitor statistics dropped.

#Diary #COVID19 #Tourism #Kalkine

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