Former Fonterra chairman Sir Henry van der Heyden yesterday apologised for his warning to be wary of Chinese business dealings.
Van der Heyden broke at lunchtime from his final board meeting as a Fonterra director to issue the public apology over comments made at a Tauranga business women's conference.
"It was an ill-judged comment taken out of context," he said.
The comment he was referring to "Don't ever trust them ... never." was reported in yesterday's Bay of Plenty Times. It came in response to a question from an exporter on how to avoid being ripped off when trading in China.
This paper did not take his comment out of context. The reporter went back to Mr Van der Heyden after the meeting and asked him to elaborate on the comment. He added further context, that the intent of the comment was be "wary, be very careful". He did not challenge the accuracy of the comment.