Displaying items by tag: Fonterra

Retiring Fonterra director Nicola Shadbolt is happy with the calibre of director candidates endorsed by the co-op board.

Fonterra chief executive Miles Hurrell says a clear plan is in place to lift the co-op’s performance.

A billion-dollar drop in Fonterra’s fortunes leaves the co-op vulnerable to increasing competition, says Federated Farmers Dairy president Chris Lewis.

Fonterra has looked outside its business for a new head of its NZ brands division.

Fonterra Shareholders Council chairman Duncan Coull says farmers are unhappy with the co-op’s current performance.

Fonterra’s disastrous financial result is trending on social media today, with former chief executive Theo Spierings' pay a focal point.

Farmers are keeping a low profile online following Fonterra’s shocking $196m loss.

Fonterra has posted a $196 million loss for 2018, the first in the co-op’s 17-year history.

With dairy prices down nearly 13% below levels of a year ago, this adds to the downside risk to Fonterra’s newly minted $6.75/kgMS milk price forecast, says BNZ senior economist Doug Steel.

Fonterra’s board is backing Zespri chairman Peter McBride, and Maori agribusiness leader Jamie Tuuta in the 2018 board elections.