Tuesday, 27 November 2018 14:25

Fonterra executive resigns

Written by 
Lukas Paravicini. Lukas Paravicini.

Fonterra is losing another executive.

Lukas Paravicini, the chief operating officer of Fonterra’s consumer & foodservice business, has resigned. 

He is set to leave the cooperative in January 2019 as he and his family plan to return to Europe.  

Paravacini was reportedly one of the internal candidates for the chief executive’s position after Theo Spierings’ departure in September.

Fonterra’s board picked Miles Hurrell as interim CEO.

Hurrell said that Paravacini first joined the Fonterra management team in 2013 as chief financial officer and then went on to be the chief operating officer for its global consumer & foodservice business.  

“During his time, Lukas was instrumental in maintaining the financial strength of the Co-operative, including through some years of low milk prices and challenging global conditions. He spearheaded initiatives such as the cooperative Support Loan and championed Fonterra’s business transformation.”

Hurrell noted that Paravacini had moved seamlessly from Fonterra’s numbers man to leading its global consumer and foodservice businesses.

“The cooperative thanks Lukas for his contribution and wishes him every success in his next venture.”

More like this

Cynical politics

OPINION: There is zero chance that someone who joined Fonterra as a lobbyist, then served as a general manager of Fonterra's nutrient management programme, and sat on the board of Export NZ, a division of lobbyist group Business New Zealand, doesn't understand that local butter (and milk and cheese) prices are set by the international commodity price.

Why is butter so expensive in New Zealand? Fonterra explains

Kiwis love their butter, and that's great because New Zealand produces some of the best butter in the world. But when the price of butter goes up, it's tough for some, particularly when many other grocery staples have also gone up and the heat goes on co-operative Fonterra, the country's main butter maker. Here the co-op explains why butter prices are so high right now.

Featured

DairyNZ thanks farm staff

August 6 marks Farm Worker Appreciation Day, a moment to recognise the dedication and hard mahi of dairy farm workers across Aotearoa - and DairyNZ is taking the opportunity to celebrate the skilled teams working on its two research farms.

Editorial: Getting RMA settings right

OPINION: The Government has been seeking industry feedback on its proposed amendments to a range of Resource Management Act (RMA) national direction instruments.

National

Machinery & Products

Fliegl offers effluent solutions

Founded in Germany as recently as 1977, today, the Fliegl Group employs more than 1100 workers, offering an expansive range…

» Latest Print Issues Online

Milking It

Fatberg

OPINION: Sydney has a $12 million milk disposal problem.

Synlait snag

OPINION: Canterbury milk processor Synlait's recovery seems to have hit another snag.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter