Board of Directors

The LIC Board is responsible for the overall governance of LIC.

The Board has up to 10 directors — seven farmer elected directors and three independently appointed directors. Farmer elected directors serve for a four-year term. Our appointed directors serve terms of three years each.

The functions of the Board are set out in Clause 22 of LIC’s Constitution. It is predominantly responsible for managing, directing and supervising the company, unless our Constitution or the Companies Act require those powers to be exercised by shareholders or others.  

Farmer-elected directors

Farmer elected directors must be shareholders of LIC. They are elected by shareholders to represent one of four regions in New Zealand and serve a four-year term.


Elections are held on a rotational and regional basis in April each year, where an elected representative’s term is ending. All shareholders in the region are encouraged to vote.

Appointed directors

Independent directors serve for a term of three years. They are selected to ensure your Board has the appropriate skills and competencies to lead our organisation effectively. The perspectives and experience they bring to the Board complement the industry knowledge and other expertise provided by your farmer elected directors.

The Board will recommend candidates that have been shortlisted through a Director Search and Selection Advisor.
The Shareholder Council has to approve the appointment of the independent directors before shareholders are asked to ratify the appointment at the next Annual Meeting.

The Board 2018

Left to right: David Jensen, Candace Kinser Reed, Gray Baldwin, Tim Gibson, Matt Ross, Murray King, Murray Jagger, Abby Foote, Ben Dickie, Alison Watters

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

  • 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

  • Marsden Maritime Holdings.
  • Northport Ltd.
  • North Tugz Ltd.

Ben Dickie - croppedM: 027 293 7955

Ben and his wife Vanessa (along with their three children) milk 1,500 cows on three farms near Waverley in South Taranaki.

Prior to becoming a dairy farmer in 2005, Ben was a financial analyst in Sydney specialising in publicly listed mining companies.  While working in the finance sector, he completed the three year CFA (Chartered Financial Analyst) programme in 2003. 
Ben was elected to the Fonterra Shareholders’ Council in 2016 and completed the Fonterra Governance Development Programme in 2017.  Until 2017, Ben was the Chair, for seven years, of the West Coast Lessees Association, which represents the interests of around 300 leaseholders of PKW land in Taranaki.

Qualifications:

  • BSc (Hons) in Geology (Otago University)
  • BCom in Finance (Otago University)

Other Directorships:

  • Appointed Chair of the Shareholder Council’s Performance Committee in 2017
  • Deputy Chair Taranaki Veterinary Centre Ltd
  • Trustee of the Waverley Primary School

Ben was elected to the Board in June 2018.

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

Deputy Chair 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).
  • Eastpack Ltd

Director & Independent Chair of

  • Expressway Orchards GP Limited
  • El Dorado Orchard GP Limited
  • Napoli Orchard GP Limited

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 (Registered Charity)
  • Longview Trust Board (37% shareholder in Trinity Lands Ltd).

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 and its subsidiaries.
  • Museum of New Zealand Te Papa Tongarewa.
  • Television New Zealand Limited.
  • Sanford Limited (effective from 1 Feb 2018).
  • Freightways Ltd

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.
  • Canarium Nut Company.

Candace Kinser

Candace has held a number of senior roles in the biotech and technology sector including over a decade of experience as a CEO and Board Director on private, Crown and NZX listed boards. In 2012, when she was the CEO of NZTech, she was behind the creation of TechWeek, the annual technology festival in New Zealand and was the founder of NZTech Women as well as a supporting founder for ShadowTech, helping young women into careers in technology. 

She is currently an NZTE Beachheads Advisor and works with the University of Auckland Return on Science national research commercialisation program.  Her driving passion is leveraging growth-focussed, innovative science and technology companies to succeed globally.  

With advanced qualifications in business, governance and technology, Candace has had experience growing companies on the world stage as the CEO of genetics software company Biomatters through to first-hand experience in preparing and listing a technology company on the NZX as a Director of EROAD. Candace was the recipient of the Leadership award for the 2017 AUT Business Awards and is a regular speaker at conferences on the topic of technology innovation and business growth. 

Candace was appointed to the Board in October 2015.

Qualifications

  • BA(Hons) in Anthropology & Political Science (University of Hawaii)
  • PG Dip in International Business (Massey University)
  • Masters of Management (Massey University)
  • Short form MBA in Bio-Pharma (Rutgers University)
  • Post-graduate studies in Governance and Risk Management in Asian Business (University of Melbourne)
  • Cybersecurity: Technology, Application and Policy (Massachusetts Institute of Technology)

Other directorships

  • Talent International.
  • EROAD.