Winston Peters slams Fonterra’s sale to Lactalis as “utter madness”
NZ First leader Winston Peters has continued his criticism of Fonterra to sell its brand business to the French company Lactalis, saying the move is "utter madness".
The Lactalis group announced the departure of managing director Philippe Palazzi, who took office just a year ago. And they were not hiding the reason for his sudden exit.
"As the conditions for alignment with the Group's strategy could not be met, Emmanuel Bensler, Chairman of the Lactalis group, and Philippe Palazzi, Chief Executive Officer, are ending their collaboration as of February 3, 2022", explains the group in a press release.
Media reports say the two men couldn't agree about their visions for 2033, the date on which Lactalis will celebrate its 100th anniversary.
