Richard Allen to Take Top Job at Fonterra
Fonterra says Richard Allen will succeed Miles Hurrell as its new chief executive.
Feds chief executive Graham Smith (pictured) said Kerr's actions were "a direct threat to the very fabric of society".
Dairy industry leaders have welcomed the successful prosecution of a businessman who threatened to spike infant formula with 1080.
Jeremy Kerr, the owner of another pest-control product, Feratox, mixed highly concentrated 1080 with baby milk formula and posted them to Fonterra and to Federated Farmers. Included in the package was a letter demanding the country stop using 1080 or he would release poisoned infant milk powder into the Chinese market
and one unspecified market.
He was jailed last week for eight and a half years by Justice Geoffrey Venning, who said the potential impact of his actions on New Zealand's trade relationship with China and others was "extremely serious".
The threat is believed to have cost Fonterra nearly $20 million and cost Federated Farmers nearly $100,000.
In his victim impact statement, Feds chief executive Graham Smith said Kerr's actions were "a direct threat to the very fabric of society".
The threat could have led to an international ban on NZ food products, he says.
"The 1080 threat had the potential to devastate our ability to successfully operate within these markets and would have cost the country billions of dollars. Customers would have stopped buying and using our products due to their immediate safety concerns."
There was a potential threat to all sectors of society, given NZ's reliance on primary industries, Smith says.
Fonterra chairman John Wilson said Kerr's actions were deplorable and had a huge impact on the cooperative and other food firms.
Fonterra's Maury Leyland says the threat had a big impact on Fonterra and it staff.
"It's hard to imagine a worse threat to children and families, or to the viability of our co-operative, the wider dairy industry and our country," said Leyland, who is Fonterra's outgoing managing director of people, culture and safety.
The New Zealand red meat sector has signed an open letter to parliamentarians from BusinessNZ, urging swift ratification of the India-New Zealand Free Trade Agreement (FTA).
Wools of New Zealand is joining calls for New Zealand to urgently ratify a Free Trade Agreement with India.
Fonterra says Richard Allen will succeed Miles Hurrell as its new chief executive.
Cyclone Vaianu is continuing its track south towards the Bay of Plenty, bringing with it destructive winds, heavy rain, and large swells, says Metservice.
While Cyclone Vaianu remains off the East Coast of New Zealand, the Waikato Civil Defence Emergency Management (CDEM) Group says impacts have been felt overnight.
A Local State of Emergency has been declared for the Waikato for a period of seven days as the region prepares for Cyclone Vaianu to hit the area.
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