Fonterra dairy co-operative has its first woman on the board in six years.
Nicola Shadbolt was one of three candidates challenging three sitting directors who were up for re-election.
Two of the directors, John Wilson and Colin Armer, were re-elected, while Stuart Nattrass lost his seat.
Nicola Shadbolt is an Associate Professor in Farm and Agribusiness Management at Massey University and a partner in a dairy farm in Pohangina Valley, Manawatu.
She has worked with the Ministry of Agriculture and Forestry, Wrightsons and Agriculture New Zealand, is a Fellow of the New Zealand Institute of Primary Management and co-authored the textbook Farm Management in New Zealand.
Nicola Shadbolt is Fonterra's second woman director.
Marise James became a foundation director of the co-operative when it was formed in 2001 but lost her seat in an election two years later.