Dutch agricultural banking giant Rabobank is refreshing its New Zealand board with the addition of retiring Fonterra chairman Henry van der Heyden and the chairman of Air New Zealand John Palmer.
Palmer will become chair of the Rabobank New Zealand board and he will also continue to serve on the board of the Dutch bank's Australian arm, while van der Heyden will be an ordinary board member of the local unit.
"It is fitting that two of New Zealand's leading businesspeople will be involved in steering Rabobank's future direction in this country and that the business has a locally domiciled chairman," said the chairman of Rabobank Netherland, Piet Moerland.
"Rabobank globally holds a very strong outlook for New Zealand's food and agribusiness sector and considers the country to be one of its key international growth markets for both rural and agribusiness lending, as well as its online savings and deposits business, RaboDirect."
