Spierings reshapes management team

Eleven of the 12 new Fonterra management team roles have been filled, all by internal appointments: "From day one I have been impressed by the quality of people at Fonterra and it is great to be able to draw on this strong bench strength when assembling our team," Spierings says.

"With our refreshed group strategy confirmed, we have now aligned our business to deliver on our strategic priorities.

"The new structure and senior appointments reflect our focus on dairy nutrition and emerging markets, as well as our intention to reduce layers and duplication to drive efficiencies across the business."

In line with the group S=strategy, Fonterra has formed new business divisions to grow emerging markets in China/India and Latin America, as well as a new global Fonterra Nutrition business to build the nutrition portfolio across the business, driven by innovation.

"These changes, along with re-configuration of existing business units and the support functions within the company, will position us to increase volumes and value in line with our strategy," Spierings says.

The new Fonterra management team comprises:

• Chief financial officer, Jonathan Mason

• Managing director, group optimisation and supply chain, Ian Palliser

• Group general manager, strategy, Maury Leyland

• Group general manager, mergers and acquisitions, Paul Campbell

• Managing director, cooperative affairs, Todd Muller

• Managing director people, culture and services. Position to be confirmed.

• Managing director, New Zealand Milk, Gary Romano

• Managing director, Australia New Zealand, John Doumani

• Managing director, ASEAN/Middle East/North Africa, Mark Wilson

• Managing director China/India, Kelvin Wickham

• Managing director Latin America, Alex Turnbull

• Managing director, Fonterra Nutrition, Sarah Kennedy

Spierings says the new organisation structure would take full effect from the start of the financial year on August 1, 2012.