First Milk chairman Bill Mustoe has outlined plans to cut the number of farmers on the group’s board and replace them with members possessing “that extra commercial factor”.
Mustoe wants to halve the farmers on the group’s board from six to three and appoint three new directors from the group’s wider membership – a shift that would require a change in First Milk’s own regulations.
“We have some strong farmer directors but we need a board packed with people with proven commercial acumen,” Mustoe said.
“My aim is to get together a team of members to complement the existing skills we have within the board and executive team.”
First Milk also said it will compensate members that lost milk during the recent period of severe weather – but warned it would not do so in future.
While Mustoe said paying compensation was “the right thing to do”, the group advised its members to consider taking out insurance to cover potential future losses.
First Milk to up its milk price for members (16 January 2010)
First Milk on the road to recovery, says boss (19 December 2009)