Expert Says Fonterra Backing Current Strategy With New CEO Appointment
The appointment of Richard Allen as Fonterra's new chief executive signals execution, not strategy, according to agribusiness expert Dr Nic Lees.
The ex-dairy boss is – among a myriad business ventures – a director of chicken farm Heyden Farms.
This company has been in the news lately for its bad animal welfare practices (‘colony’ chickens) and now its eggs have been pulled from Countdown supermarkets nationwide.
As your old mate’s confidant opined: “it looks like the chickens are coming home to roost for Hank!” Perhaps a $3.90 dairy payout is not so bad, eh Henry.
