Fonterra Announces Interim Leadership Changes Ahead of Richard Allen CEO Transition
Fonterra has announced interim changes to the leadership of its Global Ingredients business.
New Fonterra director Peter McBride says he is overwhelmed with the response in the election.
“I want farmers to know I will do my very best and I will work hard for them,” he told Dairy News.
“It was a good result. I was quite surprised at the outcome with only two people making it through but I guess that is the system.”
He says going into the election he was concerned the farmers may “just see me as a kiwifruit guy”.
“But I think when they got to meet me in person and heard what I had to say then they understood I had something to offer”.
He says his first priority on the board will be to listen. “When you go onto boards you have got to be really careful just to take your time,” he says.
“My main plan is to try and get my head around the business. It is a very large complex business so my aim is to just to spend time with the senior executive and get as much insight into the business as I possibly can. And just contribute wherever I can.
“In the first six months you have got to do a lot of listening, not a lot of talking.”
McBride will step down as chairman of Zespri in February and retire as a Zespri director at the annual general meeting in July next year.
Asked if he would be ready for the Fonterra chairmanship if the directors wanted him to, he said it was too premature to even talk about it.
Yili's New Zealand businesses have reported record profits following a major organisational and strategic transformation.
Owners and lessees of certain Hino Trucks New Zealand diesel vehicles have just 10 days remaining to register or opt out of a proposed $10.9 million class action settlement.
Silver Fern Farms has successfully produced and delivered 90 tonnes of premium chilled New Zealand lamb and beef to the United Arab Emirates via airfreight.
For the first three months of 2026, new tractor deliveries saw an increase over the previous two months, resulting in year-to-date deliveries climbing to 649 units - around 5% ahead of the same period in 2025.
QU Dongyu, director-general of the Food and Agriculture Organization of the United Nations (FAO), has issued a warning saying that global fertiliser scarcity caused by disruptions in the Strait of Hormuz will lead to lower yields and tightening food supplies into 2027.
Federated Farmers is urging Canterbury's council leaders to move quickly on local government reform.
OPINION: Reckless action by Greenpeace in 2024 forced Fonterra to shut down a drying plant for four hours, costing the co-op…
OPINION: The global crusade against fossil fuel is gaining momentum in some regions.