increase font size
Fonterra’s chief operating officer (COO) Fraser Whineray is leaving the co-op after three years in the
role.
Whineray intends to resign from Fonterra at the end of this financial year on July 31, the co-op has told the
New Zealand Stock Exchange.
Chief executive officer Miles Hurrell says Whineray has indicated he intends to embark on a new career path
and is looking to become more involved in venture capital as an investor and governor.
“I wish him well with this endeavour.”
Hurrell says Whineray joined Fonterra in 2020 and has made a significant contribution during his time with
the business.
“Fraser has set the co-op ambitious goals for decarbonisation and the management of water, and
his enterprise leadership helped shape our new strategy and 2030 targets.
“He will leave our operations business unit in great shape with a longer-term outlook and a sharp focus on
efficiency.
“I thank Fraser for his leadership of a critical part of our business, and for his support to me and the wider
Fonterra management team.”
Whineray is committed to helping with finding a successor and ensuring a smooth handover, Hurrell
says.
Whineray had a long career with power company Mercury NZ before taking the top role at Fonterra. He
joined Mercury in 2008 and became chief executive in 2014. He has also worked at Credit Suisse and Carter
Holt Harvey.
Whineray is no stranger to the dairy industry: he started his career as a graduate of the New Zealand
Dairy Board&'s technical training programme and has previously held roles at Puhoi Valley Cheese.
Whineray holds an MBA from the University of Cambridge, a Post Graduate Diploma in Dairy Science &
Technology from Massey University and a Bachelor of Chemical & Process Engineering from the University of
Canterbury.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
OPINION: Farmer shareholders of two of New Zealand's largest co-operatives have an important decision to make this month and what they decide could change the landscape of the dairy and meat sectors in New Zealand.
OPINION: As CEO of the Dairy Board in the 1980s I was fortunate to work with a team of experienced and capable executives who made most of the brand investments that created the international consumer business Fonterra inherited. Soprole in Chile was the largest, but there were more than 20 countries where consumer marketing companies were established and Anchor and other brands were successfully launched.
Fonterra has delivered a fifth straight year of record organic milk price for farmer suppliers.
Fonterra says favourable weather conditions supporting pasture growth is boosting milk production.
Like many manufacturers around the world, European agricultural machinery and tractor manufacturers are currently operating in a difficult market environment. But they are heading to the world’s largest agricultural machinery event in Hanover next month with a degree of cautious optimism.
Established in 2021, the John Deere Technician of the Year Awards champion the important contribution parts and service technicians make to the Australian and New Zealand agriculture, construction and forestry industries.
Beef + Lamb New Zealand (B+LNZ) is calling on farmers from all regions to take part in the final season of the Sheep Poo Study aiming to build a clearer picture of how facial eczema (FE) affects farms across New Zealand.
New Zealand is closer to eradicating bovine TB than ever before, but possums remain a threat, says Beef + Lamb New Zealand.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
The ACT Party says media reports that global dairy giant Nestle has withdrawn from the Dairy Methane Action Alliance shows why New Zealand needs to rethink its approach to climate.
