Hurrell Resignation: No Bonus or Golden Handshake for Fonterra CEO
Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.
Fonterra is being as transparent and open as possible, but questions on the timeline of events will need to wait until internal and external reviews, says managing director of New Zealand Milk Products, Gary Romano.
Asked at a press conference yesterday why Fonterra did not put a crisis plan in place when they had reason to retest the whey in March, Romano said "at that point there was no belief by anyone that this was going to lead to concern for the consumers".
However he said they did not want to comment further on timelines and decisions made at this stage.
"There will be a time when we go through the timeline," he said. "That timeline will be subject to our own internal review, and our expectation is that MPI will have oversight of that review. I don't want to pre-empt what is happening.
"What I would really like is for science to take over here and explain what we did when and why. There's a process for that, you can be assured there will be a process not only internally, but there will be external oversight. It's premature to ask about which tests were done when and why."
He said the focus right now was an operational one. "It is very much about getting information out to our customers, so they can do their job in getting product off the shelf. That's out immediate focus."
Earlier he said Fonterra will be as transparent and open as it could, and move at speed. "Sometimes that speed means we don't have all the complete information with us, but we are acting transparently, we are moving at speed and we are trying to do what is best for consumers."
The closure of the McCain processing plant and the recent announcement of 300 job losses at Wattie’s underscore the mounting pressure facing New Zealand’s manufacturing sector, Buy NZ Made says.
Specialist agriculture lender Oxbury has entered the New Zealand market, offering livestock finance to farmers.
New research suggests Aotearoa New Zealand farmers are broadly matching phosphorus fertiliser use to the needs of their soils, helping maintain relatively stable nutrient levels across the country’s agricultural land.
Helensville farmers, Donald and Kirsten Watson of Moreland Pastoral, have been named the Auckland Regional Supreme Winners at the Ballance Farm Environment Awards.
Marc and Megan Lalich were named 2026 Share Farmers of the Year at last night's Canterbury/North Otago Dairy Industry Awards.
William John Poole, a third year Agribusiness student at Massey University, has been awarded the Dr Warren Parker and Pāmu Scholarship.
OPINION: The good news keeps getting better for NZ dairy farmers.
OPINION: With export of livestock by sea dead in the water, opponents of the Gene Technology Bill think they can…