Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
At last week’s Deloitte Top 200 Awards, McBride won the Chairperson of the Year award, and Zespri was crowned Company of the Year. McBride will step down next February as Zespri chairman.
Fonterra shareholders are keen to see a seismic shift in Fonterra’s direction and fortunes.
McBride was appointed to the board last month — the only one of the three board-anointed candidates to get through.
Is chairman McBride the answer? Only time will tell.
