Divestment means Fonterra can focus on its strengths
OPINION: Fonterra's board has certainly presented us, as shareholders, with a major issue to consider.
Fonterra is creating two new management roles to increase focus on innovation and driving strategy.
Singapore-based Komal Mistry-Mehta will be the new chief innovation and brand officer.
Mistry-Mehta has been with the co-operative since April 2011 and currently leads its high-value ingredients business, Active Living.
The co-op will also be appointing a managing director strategy and optimisation. The new role is yet to be filed.
Fonterra chief executive Miles Hurrell says since announcing its refreshed strategy in September 2021, the co-op has been working through how to adapt its organisational structure to accelerate progress towards its long-term aspirations.
“Our ambitions are to grow the value we derive from our New Zealand milk through our sustainability credentials, innovation, and nutrition science.
“To enable this, we have established two new Fonterra Management Team (FMT) roles to increase the co-op’s focus on innovation and strategic implementation,” says Hurrell.
The two new management appointments start on August 1.
Dawn Meats is set to increase its proposed investment in Alliance Group by up to $25 million following stronger than forecast year-end results by Alliance.
A day after the ouster of PGG Wrightson’s chair and his deputy, the listed rural trader’s board has appointed John Nichol as the new independent chair.
Tributes are pouring in from across the political divide for former Prime Minister Jim Bolger who passed away, aged 90.
The iconic services building at National Fieldays' Mystery Creek site will be demolished to make way for a "contemporary replacement that better serves the needs of both the community and event organisers," says board chair Jenni Vernon.
Agri advisor Perrin Ag says its graduate recruitment programme continues to bring new talent into the agricultural sector.
Entries are open for the 2026 New Zealand Dairy Industry Awards (NZDIA).
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