Monday, 12 October 2020 10:16

He's back!

Written by The Hound

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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!

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