Fonterra appoints Pat Duignan to milk price panel

Fonterra Co-operative Group appointed Pat Duignan to its milk price panel, replacing Ming Lim-Pollard as a ministerial nominee under the Dairy Industry Restructuring Act 2001.

Agriculture minister Todd McClay nominated Duignan, who brings experience in regulation policy, corporate finance and economic analysis. He previously served as commissioner at the New Zealand Commerce Commission and as a finance and economics expert lay member of the High Court for Commerce Commission appeals.

The Fonterra board confirmed Duignan's independent status, maintaining the panel's required majority of independent members. Professor Hamish Gow remains as the other ministerial nominee.