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Determination of Director’s Independence

NZX Compliance16 December 2025FSFConsumer Staples

16 December 2025

Determination of Director’s Independence


In accordance with NZX Listing Rule 2.6.1, the Board of Fonterra Co-operative Group Limited has

determined that Ms Michelle Pye is not an Independent Director.


-ENDS-




For further information contact:


Anya Wicks

Company Secretary

+64 9 374 9341

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