Fonterra Whareroa sets cheese record, wins top award
Fonterra Whareroa wrapped up a successful season with a record-breaking cheese production volume and several gongs at the co-op's annual Best Site Cup awards.
Fonterra is combining its Australian New Zealand (ANZ) and ASEAN/Middle East/North Africa businesses to form a single Asia Pacific/Middle East/Africa (APMEA) business unit.
A change to its senior management team arises from this reorganisation of its consumer businesses across the Asia Pacific region.
The managing director APMEA will be Mark Wilson, Fonterra's existing managing director ASEAN/MENA. The appointment takes effect in January.
After six years of working in Melbourne away from his Sydney based family, Fonterra's managing director ANZ, John Doumani, has indicated that he will take the opportunity to leave the cooperative and pursue opportunities outside Fonterra. He will assist in the transition period and will leave at the end of March next year.
Fonterra chief executive Theo Spierings says the move was part of the cooperative's strategy to grow its consumer businesses: "Our businesses across Asia Pacific represent around 40% of our earnings and are vital to the cooperative. There are big growth opportunities in the emerging markets of Asia and Middle East, and some challenges to address in our home markets of Australia and New Zealand and our strategy requires us to address both.
"Mark Wilson is a very experienced global business leader who has grown our Asian business from strength to strength and we know he will do a great job in this expanded new role."
Questions are being raised about just how good the state of the dairy industry is - especially given that the average farmgate payout for the coming season is set to exceed $10/kgMS.
A leading financial and banking advisor says he doubts if most dairy farmers fully understand the dynamics of banking.
Dairy farmers are shoring up their balance sheets, with almost $1.7 billion of debt repaid in the six months to March 2025.
Virtual fencing company Halter is going global but for founder Craig Piggott, New Zealand farmers will always remain their main partners.
A former Fonterra executive is the new chair of the Dairy Companies Association of New Zealand (DCANZ).
New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.
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