Monday, 06 March 2017 06:57

New role for Fonterra’s Paravacini

Written by 

Fonterra’s chief financial officer Lukas Paravacini will head the co-op’s global consumer and foodservice business from June.

Paravicini replaces Jacqueline Chow who was appointed to the role in June 2016. When she took up the role, Fonterra indicated that Chow would lead Fonterra’s global consumer and foodservice business unit until the first half of 2017, in the lead up to her return to Australia to pursue a board career.

Paravicini will continue as CFO until June 1, however he will also play an important role in ensuring stability and consistency through to the announcement of Fonterra’s results for the 2017 financial year, which ends July 31.

Fonterra confirmed that it is proceeding with the appointment of a new chief financial officer and is aiming to announce this over the coming months.

Fonterra’s chief executive officer, Theo Spierings says that he is delighted to have someone of Paravicini’s calibre to continue leading a high performing consumer and foodservice business.

“Mr Paravicini has been with Fonterra for over three years and is well known to us as a world-class finance executive. He came to us from Nestlé with not only international finance experience but a successful career leading global food businesses in established and emerging markets,” says Spierings.

“Lukas has an in-depth understanding of global brands and the importance of meeting and anticipating the needs of customers through constant innovation and world-class performance. He and his family have experienced many different cultures around the world and he is fluent in five languages.”

Spierings also thanked Chow for her work in bringing together the new business unit with her wealth of consumer and foodservice experience and her strong people leadership. Chow will work closely with Paravicini to assist with a smooth transition to his new role.

More like this

Fonterra sticking to $10/kgMS milk price

Fonterra has reaffirmed a forecast milk price mid-point of $10/kgMS for its farmer shareholders, with just over two months of the 2024-25 season left to run.

Featured

Pāmu farm opens gate to urban visitors

For many urban New Zealanders, stepping into Pāmu’s Pinta dairy farm near Taupo last month was the first time they had had the chance to experience farm life up close.

Afimilk appoints new general manager

Afimilk, a global dairy farm management solutions provider, has appointed Justin Miller as the new general manager for New Zealand and Australia.

National

Machinery & Products

Gong for NH dealers

New Holland dealers from around Australia and New Zealand came together last month for the Dealer of the Year Awards,…

A true Kiwi ingenuity

The King Cobra raingun continues to have a huge following in the New Zealand market and is also exported to…

Data crucial to managing water

Watermetrics was formed as a water data collector and currently supplies and services modern technology such as flow meters, soil…

» Latest Print Issues Online

Milking It

Dairy power

OPINION: The good times felt across the dairy sector weren't lost at last week's Beef + Lamb NZ annual meeting.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter