Monday, 12 October 2020 10:16

He's back!

Written by  The Hound

OPINION: This old mutt understands that former Fonterra chief executive Theo Spierings has landed himself a new gig back in his native Netherlands.

He scarpered from the NZ dairy co-operative in late 2018 – after a disastrous $196 million loss – and pocketed $43m in salary and incentive payments during his 7-year tenure at Fonterra.

Now he’s gone back into business, setting up a management consulting business with Paul Roedig, who was director of brand and strategy at Fonterra from 2012 to 2015.

Spierings has been widely criticised for leading Fonterra into a strategy that many blamed for the poor financial performance of 2018-2019.

Apparently, he told a local Dutch newspaper he wasn’t looking for another job.

I guess when you have ‘earned’ $43m over 7 years, you probably don’t really need to work again.

Nice for some!


Machinery & Products

Made in NZ... Hansen Products

Made in New Zealand looks at the wealth of design and manufacturing ability we have in this country, producing productive…

New models mark seventh decade

Celebrating its 70th year – and having already released the fifth generation A Series in January – Valtra has just…

Kubota's new autumn offerings

Kubota, which is gaining traction in the agricultural sector with an ever-broadening portfolio, has announced some additions for autumn.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Bad company

The Hound is among many in the agriculture sector, including many of our top scientists, who are somewhat cynical claims…


OPINION: This old mutt wonders what it is about tall, balding, ex-Fonterra executives and their (non) ability to handle life…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter