Expert Says Fonterra Backing Current Strategy With New CEO Appointment
The appointment of Richard Allen as Fonterra's new chief executive signals execution, not strategy, according to agribusiness expert Dr Nic Lees.
That's the big question, but if farmer shareholders have their way, it would be one of the executives groomed by Hurrell to keep the co-operative on its current path.
One of the names being floated around the traps is Richard Allen, president of Fonterra's global ingredients business.
Like Hurrell, Allen has been with Fonterra for many years. He joined the co-op in 2008 and, also like Hurrell, he led Farm Source - the co-op's team of farmer engagement, sustainability and milk specialists - and the Farm Source rural retail network in New Zealand.
Watch this space.
