Long serving Fonterra Director Donna Smit has confirmed she will retire from the Fonterra Board when her current three-year term ends at the Co-operative's Annual Meeting on 10 November 2022. Smit was first elected to the Fonterra Board by her farming peers in 2016. She is also currently a Fonterra appointed Director of FSF Management Company Limited, Manager of the Fonterra Shareholders' Fund a role she will also retire from in November this year.