March 4, 2020 / 7:49 PM / a month ago

New Zealand's Fonterra Chairman Monaghan to retire in November

March 5 (Reuters) - Dairy giant Fonterra Co-operative Group Ltd Chairman John Monaghan has confirmed he will retire as a director of the co-operative in November.

Last September, Monaghan had said he was due to retire by rotation when his current three-year term ends at the 2020 annual meeting in November.

Fonterra said the board’s current plan was to announce a chair-elect by no later than August this year.

Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Krishna Chandra Eluri

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