Displaying items by tag: Fonterra

Fonterra has appointed a board sub-committee to salvage its disastrous investment in Chinese infant formula trader Beingmate.

Fonterra farmers says the co-op’s half year results is a mixed bag; they welcome the lift in forecast milk price but are unhappy with the drop in dividend.

Outgoing Fonterra chief executive Theo Spierings says the normal tenure of a global chief executive is between five and seven years.

Fonterra farmers are questioning the timing of the announcement of chief executive‘s Theo Spierings departure.

Southland dairy farmer and leadership coach, Loshni Manikam has been chosen as the Fonterra Dairy Woman of the Year.

Fonterra chief executive Theo Spierings is to leave by the end of this year.

Fonterra has posted a half-year loss of $348 million on the back of a huge write-down of its Beingmate investment in China.

Fonterra has lifted its forecast farm gate milk price by 15c/kgMS on the back of strong global demand for dairy products.

Troubled Chinese infant formula company Beingmate has sold a subsidiary, despite opposition from cornerstone shareholder Fonterra which owns an 18.8% interest.

Three finalists are contesting the 2018 Fonterra Dairy Woman of the Year award: a dairy consultant, a district mayor and a leadership coach.