Expert Says Fonterra Backing Current Strategy With New CEO Appointment
The appointment of Richard Allen as Fonterra's new chief executive signals execution, not strategy, according to agribusiness expert Dr Nic Lees.
In an email farmer shareholders co-op chairman Peter McBride has asked them to fill an online survey.
The short survey has nine questions including on whether farmers want the capital structure review.
Fonterra’s board and management have been looking at capital structure options.
McBride told farmer shareholders that it needs a capital structure to ensure it best supports the co-op strategy and long-term vision.
“We have spent the past few months reviewing potential options, including staying with our current structure,” he says.
“Every option has its own merits, but also involves some form of trade-off.”
McBride says the farmer feedback will be considered as part of the board’s decision-making process as it moves toward a preferred option.
