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Fonterra director Michael Spaans joining ASB board as non-executive director

Rural News
Fonterra director Michael Spaans joining ASB board as non-executive director
Michael Spaans.

ASB says rural high flyer Michael Spaans will join its board in January as a non-executive director.

Spaans is a director of Fonterra, and chairs the strategy and investment committee of DairyNZ, which invests some $80 million annually on behalf of New Zealand farmers. ASB says Spaans has been a dairy farmer since 1984 with business interests including a 500 cow dairy farm near Te Aroha, plus farming interests in Chile, Canterbury and the US state of Missouri.

ASB has been growing aggressively in the rural sector over the past few years. See more in this Double Shot interview with ASB's executive general manager of corporate, commercial and rural banking Steve Jurkovich.

Spaans joins managing director Barbara Chapman, chairman Gavin Walker, Jonathan Hartley, Jane Freeman, Michael Coomer, Simon Blair and Catherine McDowell on the ASB board.

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1 Comments

Given the current performance of Fonterra I would have thought he should be focusing on that company. The biggest treat to the NZ dairy industry  and our position at the bottom of the cost curve is "interest costs", its obvious why ASB want a Fonterra Director on their Board.

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