Another Windfall for Fonterra Farmers, Unit Holders
Fonterra farmer shareholders and unit holders are in line for another payment in April.
Fonterra has appointed Teh-Han Chow as its interim chief executive officer for Greater China.
Chow, currently president of NZMP for Greater China, will hold the newly created role as the co-op works though the recruitment process for a permanent appointment.
Fonterra has confirmed that its president for Greater China Consumer and Foodservice, Christina Zhu has resigned.
Zhu had played a key role in the development of Fonterra’s Chinese markets. She also sat on the board of troubled company Beingmate as a Fonterra representative.
The dairy giant paid $750 million for its 18.8% shareholding in March 2015, in a bid to gain access to Chinese consumers for its infant formula. Beingmate’s financial woes forced the co-op to write down the investment by $439m: it is now in the process of selling those shares.
Fonterra chief executive Miles Hurrell says the creation of this new role on the Fonterra management team reflects the importance of the China market to the co-op: it will sit alongside the other regional CEO roles for AMENA, Kelvin Wickham, and APAC, Judith Swales.
“Teh-Han, who is currently our President NZMP for Greater China and South East Asia, has agreed to take on this responsibility in an interim capacity while we work through the recruitment process for a permanent CEO Greater China,” says Hurrell.
“Teh-Han is a proven food sector executive, with extensive experience leading large organisations across Consumer and Ingredients businesses. During his time at Fonterra he’s demonstrated his ability to grow a business by putting customers front and centre, which is exactly what our new operating model is about.”
Before joining Fonterra in 2015, Teh-Han was the CEO of Louis Dreyfus in China, a leading merchant and processor of agricultural goods. He was also managing director Greater China for Simplot, a food and agribusiness company.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.
Farmers are being encouraged to take a closer look at the refrigerants running inside their on-farm systems, as international and domestic pressure continues to build on high global warming potential (GWP) 400-series refrigerants.
As expected, Fonterra has lifted its 2025-26 forecast farmgate milk price mid-point to $9.50/kgMS.
Bovonic says a return on investment study has found its automated mastitis detection technology, QuadSense, is delivering financial, labour, and animal-health benefits on New Zealand dairy farms worth an estimated $29,547 per season.
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