Governance and Investment Decision Making

The DIFL Board members are all shareholders:

Peter Schuyt – was a senior finance executive in the NZ dairy industry for 11 years including holding positions as CFO of the New Zealand Dairy Board and NZMP. From the dairy industry he went to the NZ Post Group where, until August 2009, he was the CFO and held directorships in a number of companies in that Group. He is currently a director of a number of companies involved in the agriculture, research and infrastructure sectors. . He is also a member of the Institute of Chartered Accountants.

Simon Perry – is the Chairman of the Hamilton-based Perry Group Limited (PGL). PGL’s core businesses are aggregates, metal protection, manufacturing, and property development. They are involved directly in the dairy industry through their investment in one of the largest Waikato dairy farms – Orini Downs Limited.

Simon has a BMS (marketing and finance) from Waikato University and a BBS (Hons) in Valuation and Property Studies from Massey University. Simon has also completed a three year Executive Management study program at Harvard University.

Ian Holland – has over twenty years experience in global investment banking having worked for Bankers Trust and Morgan Stanley, both domestically and offshore. He has significant experience in the international funds management sector with treasury product and capital raising experience. He has a B Comm.(V.P.M.) from Lincoln University. Ian was one of the original investors in DIFL.

Geoff Taylor – representing the manager, GT & Company Ltd

DIFL approaches investments using a four step methodology:

Pre–investment: will involve investment analysis focused on:

  • how value will attribute to the asset as Fonterra’s dominant position is eroded; and
  • the need to get an economic cash return on assets while operating under the DIRA (while Fonterra remains dominant).

Deal structuring: all assets acquired will be structured with a view to an exit strategy for individual investments.

Approvals: GT & Co will recommend investments (or divestments) to the Board for final approval.

Post investment: the focus will be on active management of the shareholding, which may include taking executive positions within the investee company (or providing contract and advisory services to the company).

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