Fonterra shareholders have elected Dr Alison Watters as a new director.
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Alison Watters elected Fonterra director
Alison Watters

Sitting director Andy Macfarlane has also been re-elected for another three-year term.

There were three candidates vying for two board seats: Mike Fleming, chair of Fortuna Group missed out.

Watters replaces Edgecumbe farmer Donna Smit who retires from the board after serving for six years.

Watters, her husband Andrew and other family, own a 510-cow dairy unit in the Wairarapa.

The Watters won the NZ Sharemilker of the Year title in 2003.

Currently she is the chair of AsureQuality, a director of LIC, and a director of MetService.

Watters takes up her directorship at Fonterra’s annual general meeting in Rotorua on Thursday.

Fonterra Cooperative Group, the world’s biggest dairy exporter, raised its earnings forecast for the second time in three months after a strong first quarter driven by demand for protein products.

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