increase font size
Teh-han Chow.
Fonterra has confirmed the appointment of Teh-han Chow as chief executive officer, Greater China.
Since December 2019, Teh-han has been at the helm in an acting capacity, overseeing the co-op’s overall Greater China business, including Ingredients, Foodservice, Consumer Brands and China Farms. He replaced Christina Zhu.
Fonterra has had mixed results in China; while its ingredients and food service businesses have soared, China Farms business has struggled to make money.
The co-op has decided to offload China Farms, which carry 31,000 milking cows housed in a feedlot system and are now worth $500 million.
Over the past 10 years the co-op has invested over $1 billion in the farms with very little returns.
In its interim results announced in April, the co-op wrote down another $61m from the farms’ value. Last year it wrote down $200m.
Fonterra chief executive Miles Hurrell says Chow has made an impressive contribution but points out that “it’s certainly not been a steady-state”.
“Teh-han has been responsible for implementation of our new strategy across the Greater China business, and over the course of this calendar year, has shown outstanding resilience, resourcefulness and empathy in getting his team and our China business through the ongoing challenge of the COVID-19 global pandemic.
“Teh-han’s leadership has helped keep us in good shape during a very challenging set of circumstances, and I’m delighted to welcome him formally to the Fonterra management team – it’s well deserved”.
New Zealand must continue to educate Chinese consumers about the unique qualities of its red meat products and how they differ from competitors, says Silver Fern Farms chief executive Dan Boulton.
Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual Best Site Cup awards.
Common sense and good human judgement are still a key requirement for the super highly qualified staff working at one of New Zealand's largest and most important research facilities - Fonterra's R&D Centre at Palmerston North.
Fonterra's co-op model and what it does for New Zealand has lured one of its bright stars back on board.
Alliance Group and Grand Farm have signed a strategic co-operation agreement with a focus on delivering more premium New Zealand grass-fed beef to Chinese consumers.
Commercial fruit and vegetable growers are being encouraged to cast their votes in the Horticulture New Zealand (HortNZ) board directors' election.
A unique discovery by a Palmerston North science company, Biolumic, looks set to revolutionise the value and potential of ryegrass and the secret is the application of ultraviolet (UV) light.
A New Zealand company is redefining the global collagen game by turning New Zealand sheepskin into a world-class health product.
With further extreme weather on the way, ANZ Bank is encouraging farmers and business owners impacted by the recent extreme weather and flooding to seek support if they need it.
New Zealand must continue to educate Chinese consumers about the unique qualities of its red meat products and how they differ from competitors, says Silver Fern Farms chief executive Dan Boulton.
There are opportunities outside the farmgate for young farmers to further develop their skills, says 2025 Primary Industries Emerging Leader Award winner Bridie Virbickas.
OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.
OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.
