Fonterra FY26 Results: $9.69 Milk Price, $3.4bn Profit
Fonterra has unveiled its annual results for the 2026 financial year, posting $27 billion in revenue and close to $20 billion returned to New Zealand farmer owners and unit holders.
Cronin will head the co-op’s corporate affairs and Farm Source teams. He takes over Farm Source management from Miles Hurrell who was appointed chief executive in August.
Hurrell says the co-op is fortunate to have broad skills and experience on its management team.
“These two teams already share many of the same objectives and work together very closely on a day to day basis, in areas such as sustainability, communications, on-farm practices and more generally, a joint remit in connecting farmers to their cooperative.”
Cronin has worked in Fonterra for 17 years and is already a member of the executive leadership team, so he is well-placed and very much looking forward to leading the newly formed business unit, says Hurrell.
The change takes effect immediately
