Board of Directors

Our Board of Directors is made up of seven farmer directors elected by qualifying shareholders and three independently appointed directors.

What the Board of Directors does

The Board of Directors is responsible for the overall governance of LIC. The directors manage, direct and supervise the company, unless our Constitution or the Companies Act require those powers to be exercised by shareholders or others.  

The Board of Directors is ultimately responsible for the success of the company. The Board:

  • passes company resolutions
  • is required legally to act in the best interests of the company.

Board make-up

The Board of Directors has 10 directors — seven elected farmer directors and three independently appointed directors. Farmer elected directors serve terms of 4 years. Our independent directors serve terms of three years.

Electing farmer directors

Farmer directors are elected by qualifying shareholders in one of four regions in April each year:

  • Northern
  • Midland
  • Central
  • Southern. 

Qualifying shareholders must hold co-operative control shares.

If you live in a region having an election you’ll be sent a list of candidates and voting instructions by post several weeks beforehand.

The Northern region is represented by one director. The other regions are represented by two directors each.

One vote for each co-operative control share

You get one vote for each co-operative control share you have. No shareholder can exercise or control more than 1% of the maximum number of possible votes.

Independently appointed directors

The Shareholder Council approves the appointment of the independent directors. Qualifying shareholders ratify their appointment at the Annual Meeting in October.

Meet the Board of Directors

Board of Directors

Murray KingM: 021 684 901

Murray King and his wife Sarah farm a number of dairy properties, plus associated support blocks, in North Canterbury and Nelson.

Murray has a background in farm management consultancy and has other business interests in Canterbury as well as in overseas dairying and food processing. He has had a long association with LIC in a number of roles.

Murray was elected to the Board in 2009 and has been chair since 2012.

Qualifications

  • B.Com Ag (Lincoln).
  • Dip Hort. (Lincoln).
  • Nuffield Scholar.
  • Rabobank Executive Development Programme.
  • Te Hono Stanford Bootcamp.

Other directorships

  • Milktech Ltd.
  • Waimea Community Dam Limited.
  • Waimea Irrigators Ltd.
  • Long Plantation Investments Ltd.
  • Callura Dairies Management Limited.
  • Dry Stream Irrigation Company Limited.
  • NZ Dairy Dessert Company.


Murray Jagger

M:  021 243 1347

Murray Jagger and his wife Helen farm a 550ha dairy and dairy beef operation at Whangarei Heads. Murray’s family has lived and farmed there for more than 150 years.

Murray was Northern Region Sharemilker of the Year in 1991. He also won Farmers Mutual Rural Excellence Awards in 1999 and 2000.

He is the past chairman of the Northland Kikuyu Action Group and a longtime volunteer firefighter. He is currently the president of the Whangarei Agricultural and Pastoral Society.

Murray was elected to the Board in June 2000. He has held a number of governance and leadership roles with LIC, including chairing the Shareholder committee and the governance review committee.

Qualifications

  • Dip Ag (Massey University).
  • Member NZ Directors Institute.
  • Kellogg Rural Leadership. 

Other directorships

  • Co-operative Business NZ.
  • Marsden Maritime Holdings.


Steve Poole

M: 027 275 9654

Steve Poole and his wife Maria farm 210ha in Kapuni, Taranaki where, with the help of a manager and two farm assistants, they milk 800 cows. 

Steve and Maria were Taranaki Sharemilkers of the Year in 1991 and Kiwi Farmers of the Year in 1998. 

Steve has a long association with LIC as a customer, shareholder, employee and shareholder representative. He has been an AB Technician for more than 20 years and was a member of LIC’s Shareholder Council from 2008 to 2010.

Steve was elected to the Board in June 2010.

Other directorships  

  • La Salle House FDMC.

Alison Watters

M: 029 441 4022

Dr Alison Watters is an experienced company director with an agricultural science background who, with her husband Andrew, owns a 630-cow dairy farm in the Wairarapa. Alison and Andrew were National Sharemilkers of the Year in 2003.

Alison was Director of Human Nutrition at Massey University between 2002 and 2005 and a Technical Manager with Fonterra from 2006 to 2011. While at Fonterra she managed a team commercialising dairy ingredient innovations related to human nutrition and well-being. As part of this she was also involved in international sales and marketing.

Alison is an appointed Director for AsureQuality Ltd (a state-owned enterprise) and is a board member of the Proprietary Board of Nga Tawa Diocesan School.

Alison was elected to the Board in June 2014.  

Qualifications

  • B.Agr.Sc (Hons) (Massey University).
  • PhD (Massey University).

Other directorships

AsureQuality Limited.

David Jensen

M: 027 451 7757

David Jensen and his wife Lesley milk 700 KiwiCross cows and grow 25 hectares of kiwifruit and avocados on their Bay of Plenty farm.

David began his career as a consulting officer with the former NZ Dairy Board. He started farming in 1992. He is a former member of the LIC Shareholders Council and a bull breeder whose bull Puketiro Frostman was a member of the Holstein-Friesian Premier Sires team for three years. He is also a graduate of the Fonterra Governance Development Programme.

David was elected to the Board in June 2012.

Qualifications

  • B.Agr (Massey University).
  • Dip.Agr.Sc (Massey University).

Other directorships

  • Farmlands Co-operative Society.
  • Expressway Orchard (chair).

Gray Baldwin

M: 027 239 0497

Gray Baldwin and his wife Marilyn milk 750 autumn calving cows on their 730ha property near Lichfield in South Waikato. The property includes substantial areas of cropping and forestry land.

Gray started his career in rural banking and the fertiliser industry. He worked in a variety of senior management roles for Ballance Agri-Nutrients between 2000 to 2007. He is a graduate of the Fonterra Governance Development Programme and of the University of Missouri’s Graduate Institute of Co-operative Leadership programme. He is also a South Waikato District Councillor.

Gray was elected to the Board in June 2012.

Qualifications

  • M.Agr.Sc.(Hons) (Massey University).

Other directorships

  • Ballance Agri-Nutrients Ltd.
  • Trinity Lands Ltd.
  • Longview Trust Board.

Matt Ross

M: 027 431 2746

Matt Ross and his wife Julie farm a 580ha property, milking 1800 cows in the Waitaki Valley inland from Oamaru. He and Julie were Sharemilkers of the Year in 2007.

Matt has a long association with LIC, starting as an artificial breeding technician in 1995. He is a current member of the Dairy Environmental Leaders Forum and is a graduate of the Fonterra Governance Development Programme.

Matt was elected to the Board in June 2017.

Qualifications

  • BApplSc Ag (Massey University).

Other directorships

  • North Otago Irrigation Company.
  • Bortons Agri Limited.

Abby Foote

Abby is a professional director with experience as a director of both NZX and Crown companies. She has a strong analytical and strategic focus, coupled with a critical awareness of corporate governance and risk management as value enhancers.

With qualifications in both law and accounting, Abby’s career has encompassed both disciplines, focusing on corporate finance and commercial transactions. She has experience in a number of diverse areas including mergers and acquisitions, treasury and structured finance transactions, and telecommunications. She also has experience in managing large projects and in strategic development and implementation.

Abby was appointed to the Board in October 2014.

Qualifications

LLB(Hons)/BCA (Victoria University).

Other directorships

  • Z Energy Limited.
  • Museum of New Zealand Te Papa Tongarewa.
  • Television New Zealand Limited.
  • Sanford Limited (effective from 1 Feb 2018).

Tim Gibson - Shareholders - Directors

M: 021 390 587

Tim Gibson has had a long career in international business at senior levels, working for both large and small organisations including the New Zealand Dairy Board.

In 2003 he became the inaugural Chief Executive of NZ Trade and Enterprise. He retired from this position in 2009 to form Tūhana Consulting. Tūhana works in under-developed and developing markets, primarily in the agricultural sector.

Tim has extensive experience in governance roles. 

Tim was appointed to the Board in October 2017. 

Qualifications

  • BA (Hons) (Otago University).
  • LLB (Otago University).

Other directorships

  • Miraka Ltd.
  • Port Otago.
  • Tūhana Consulting.
  • Skills International.

Candace Kinser

M: 027 513 003

Candace Kinser Reed is an advisor and director for many high-growth New Zealand companies. Her driving passion is helping New Zealand entrepreneurs succeed in business on the world stage.

She has held  a number of senior executive roles in the tech sector and was the CEO of the New Zealand Technology Industry Association from 2011 to 2014. Before that she was CEO of genetics software start-up Biomatters. 

Candace has been named a "Top 10 Female CEO" and was a finalist in the Board and Management section of the Westpac Women of Influence Awards in 2016. 

Candace was appointed to the Board in October 2015.

Qualifications

  • BA (Anthropology & Political Science) (University of Hawaii).
  • Masters of Management (Massey University).
  • Post-graduate studies in Governance and Risk Management in Asian Business (University of Melbourne).

Other directorships

  • Talent International.
  • EROAD.