Fonterra appoints new CFO
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
Food Safety Minister Jo Goodhew has welcomed the opening of the Fonterra Ying Hub in Ying County, Shuozhou City, Shanxi Province, China.
“The Fonterra Ying Hub represents a significant investment in Ying County,” says Goodhew.
“Once fully operational, the Hub will farm up to 30,000 cows, of which 16,000 will be milking cows.
“Across the hub’s three farms almost 400 local people have been employed and around 85% of the farm feed is sourced locally.
“All of this work represents a massive opportunity to boost the local economy and enable important social development outcomes.”
Opening of the Hub complements other activity in the area that will boost local capability and the local economy. For example, more than 1,000 local farmers have been trained in areas such as modern scale farming management, cattle breeding and disease control. As a result of Fonterra’s farmer training programme in collaboration with the Chinese government and farming industry.
“The opening of the Hub represents a significant investment by Fonterra in their Chinese operations,” Goodhew says.
“I would also like to express my thanks and gratitude to the Ying County local government and villagers. Without their ongoing support, this milestone would not have been achievable.”
OPINION: The recent Federated Farmers / Rabobank 2024 Farming Salaries Report revealed strong growth in farm salaries over the past two years.
The low unemployment environment is one of the key factors driving on-farm salaries higher over the past 24 months, says Rabobank general manager for country banking Bruce Weir.
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
A seminar on rural dispute resolution has been organised at Lincoln University, Christchurch this month.
The legacy of Dr Peter Snow continues to inspire as the recipients of the 2023 and 2024 Peter Snow Memorial Awards were announced at the recent National Rural Health Conference.
One of Fonterra’s global customers, Mars is launching an ambitious sustainable dairy plan to work with dairy farmers and cut emissions by 50%.