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'.
OPINION: The hustle and bustle of one of Bangkok's most popular fast food outlets may feel a world away from a typical Fonterra farmer's operation.
Yet KFCs all over Thailand use milk from New Zealand farms, thanks to a recent custom partnership.
The key ingredient used is a cooking cream, from milk that is powdered, and then shipped to the Netherlands to be processed.
This specialised product, created for KFC but now spreading to other restaurants, makes Portuguese egg tarts - a permanent dessert item on the chicken outlet's menu.
The egg tarts are just one example of Fonterra's somewhat invisible efforts in Thailand to move milk into the country through its food service division.
And KFC is but one of 9000 outlets Fonterra says it services in the kingdom.
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Fonterra is rejecting New Zealand First's claim that outgoing chief executive Miles Hurrell is in line for a 'golden handshake'.
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