Fonterra slashes forecast milk price, again
Fonterra has slashed another 50c off its milk price forecast as global milk flows shows no sign of easing.
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.
