Why Fonterra accepted defeat in the dairy aisle
OPINION: Fonterra's sale of its consumer dairy business to Lactalis is a clear sign of the co-operative’s failure to compete in the branded consumer market.
Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.
Commercial Director for Fonterra’s Global Markets business, Andrew Murray steps into the CFO role on August 1.
Fonterra chief executive Miles Hurrell says Murray is a highly experienced senior finance leader with strong expertise in driving profitable growth and delivery of large-scale business transformation.
“Andrew has been a real asset to the Global Markets team, with an enterprise leadership mindset, and I welcome his appointment to the Fonterra Management Team,” says Hurrell.
Prior to joining Fonterra, Andrew was CFO at Simplot Australia and he spent more than 10 years at Mondelez in a variety of senior finance roles.
In October last year, Neil Beaumont stepped down, just nine months after taking on the role.
Beaumont’s surprise departure came in a Fonterra press release to the NZ Stock Exchange. No reason was given for his sudden departure.
The co-op appointed Simon Till as acting CFO while the recruitment for a permanent appointment was underway.
Hurrell extended his thanks to Till for acting in the position. From August 1 Till moves into a strategic advisor role with the co-op.
An independent report, prepared for Alliance farmer shareholders is backing the proposed $250 million joint venture investment by Irish company Dawn Meats Group.
Whangarei field service technician, Bryce Dickson has cemented his place in John Deere’s history, becoming the first ever person to win an award for the third time at the annual Australian and New Zealand Technician of the Year Awards, announced at a gala dinner in Brisbane last night.
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
The Government claims to have delivered on its election promise to protect productive farmland from emissions trading scheme (ETS) but red meat farmers aren’t happy.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
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