Displaying items by tag: Theo Spierings

In reflecting on the salary package/bonuses paid to Theo Spierings in the past season it is important to understand that the Fonterra business is owned by shareholders who empower a board to act on their behalf.

Fonterra chief executive Theo Spierings has been appointed chairman of Global Dairy Platform (GDP).

Fonterra is fast tracking $100 million worth of milk plant upgrades in Australia.

Fonterra is defending chief executive Theo Spierings’ hefty $8 million pay packet, saying he hit “far-reaching and demanding targets” set by the board.

Fonterra has lifted its forecast farmgate milk price for the 2017-18 season by 25c to $6.75/kgMS.

Fonterra's revenue of $13.9 billion for the first nine months of 2016-17 is up 8% on the same period last year as a result of higher milk prices.

Fonterra chief executive Theo Spierings says a good net profit and a strong balance sheet are crucial for the co-op’s future.

Fonterra chairman John Wilson says a strong cooperative is able to support farmers when times are tough.

Fonterra says it remains committed to its social commitments despite the recent slump in dairy prices.

A new $240 million mozzarella plant announced today will double Fonterra’s capacity to produce its revolutionary individually quick frozen (IQF) mozzarella.