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Former Fonterra chief executive Theo Spierings is now helping global companies meet their sustainability goals while improving profit.
Former Fonterra chief executive Theo Spierings has launched a consultancy to help global companies meet their sustainability goals while lifting profits.
The Purpose Factory, based in Netherland, has been set up by Spierings and marketing expert Paul Roedig.
The company's website says it helps companies change and "achieve healthy people and a healthy planet, alongside delivering on the bottom line".
When contacted by Dairy News via email, The Purpose Factory said Spierings is not doing any media interviews at the moment and he hasn't for a while now.
"But should that change he will reach out for a chat," it said.
Spierings left Fonterra in August 2018 after seven years in the role.
His final pay of $4.6 million raised eyebrows as the co-operative later reported a loss of $600m for the year.
The Purpose Factory website says as he stepped down from his last CEO role, Spierings announced that his next move would be about "a better world, not a bigger job".
"So here he is, continuing to build a better world with The Purpose Factory.
"By founding The Purpose Factory, Theo offers the benefit of his life's work so your organisation can transform into a purpose-led operation and thrive, while creating value for all stakeholders, and building a better world," the website says.
According to the website, The Purpose Factory recently provided "game changing insights and solutions" to Latin American food and beverage company Gloria Alimentos, which has a turnover of US$2 billion.
"Gloria approached us to dive deep into their operations and provide solutions to transform them from a local leader to regional powerhouse.
"And that's exactly what we delivered. We identified significant opportunities to create additional value and cash flow for Gloria and provided the roadmap to bring these opportunities to fruition."
Spierings' profile on the website says he operates from a "deep personal why" and always has.
"As CEO of two of the world's leading dairy organisations - most recently Fonterra, responsible for 30% of world's dairy exports, revenue exceeding US $15 billion, prior to that Friesland Foods, which has an annual revenue of US$5 billion - Theo has led with a life changing vision.
"In line with this vision, he has consistently brought about strong business performance alongside creating shifts towards a better world.
"Shifts that started at the local level within communities and grew to country level; then at Fonterra, he made positive change at a global level, reaching 2 billion consumers with good nutrition. He also made an impact at industry level as Chair of the Global Dairy Platform, the sustainability initiative for the world's biggest dairy companies."
OPINION: You're never as good as when you're dead, and with due respect to Theo Spierings' family, the Hound can't let the death of the former Fonterra CEO pass without mentioning the parlous state he left Fonterra in when he exited in 2018 - having pocketed well north of $30 million over seven years.
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