Two Major NZ Dairy Deals Completed
Two major acquisitions in the New Zealand dairy sector were completed this week.
Fonterra has announced that Chris Rowe will step into the co-operative's acting chief financial officer role.
Fonterra's group finance director Chris Rowe takes on the role of acting chief financial officer (CFO) from next month.
He replaces current CFO Marc Rivers who is leaving the co-op at the end of this year.
Rivers will move into the role of strategic advisor to chief executive Miles Hurrell from October 1 until his departure.
Hurrell says that Rowe has worked for Fonterra since 1988, undertaking a number of commercial and finance leadership roles.
“Chris is a highly competent leader, who has considerable knowledge of the co-op and the management of its physical and financial portfolios, as well as its mergers and acquisitions.
“The recruitment process for a permanent CFO is well underway and I hope to announce the successful candidate in the coming months,” says Hurrell.
While the District Field Days brought with it a welcome dose of sunshine, it also attracted a significant cohort of sitting members from the Beehive – as one might expect in an election year.
Irish Minister of State of Agriculture, Noel Grealish was in New Zealand recently for an official visit.
While not all sibling rivalries come to blows, one headline event at the recent New Zealand Rural Games held in Palmerston North certainly did, when reigning World Champion Jack Jordan was denied the opportunity of defending his world title in Europe later this year, after being beaten by his big brother’s superior axle blows, at the Stihl Timbersports Nationals.
AgriZeroNZ has invested $5.1 million in Australian company Rumin8 to accelerate development of its methane-reducing products for cattle and bring them to New Zealand.
Farmers want more direct, accurate information about both fuel and fertiliser supply.
A bull on a freight plane sounds like the start of a joke, but for Ian Bryant, it is a fond memory of days gone by.
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