Fonterra Lifts Farmgate Milk Price
Good news for Fonterra farmers. The co-op has raised this season’s farmgate milk price mid-point by 25c to $9.75/kgMS.
The Co-op said Murray will stay on until the end of the calendar year to support a smooth transition.
Recruitment for his replacement will begin immediately.
Who Is Andrew Murray?
Murray joined Fonterra in 2023 as Commercial Director of its Global Markets business. He became chief financial officer in 2024.
In that time, Fonterra says, he helped oversee the divestment of Mainland Group, the Co-op’s enterprise resource planning (ERP) transformation, and a number of other key initiatives intended to position the Co-op for the future.
CEO's Response
Fonterra chief executive Richard Allen thanked Murray for his contribution and leadership.
“He has brought clarity, discipline and momentum to important changes the Co-op has undertaken,” Allen said. He added that Murray had strengthened Fonterra’s finance capability and built “a highly capable team”.
Allen said the Co-op wished Murray success in his new role.
What Happens Next
Fonterra has not yet named a successor. The search for its next CFO starts immediately, and Murray will remain in the role through the transition period to the end of the year.
