Displaying items by tag: Theo Spierings

Fonterra will focus on 'tier three' and 'four' cities in its bid to double sales in China in the next five years to $10 billion per annum, chief executive says.

Fonterra will sell its 50% interest in DairiConcepts, the co-op's US joint venture with Dairy Farmers of America (DFA).

Fonterra is setting up hubs of entrepreneurial young people to develop new business models, says Fonterra chief executive Theo Spierings.

On-shelf dairy prices for consumers in China are too high so demand is not growing, says Fonterra's chief executive Theo Spierings.

Fonterra says milk collection this season will be down 5% compared to last year.

NZ dairy farmers need to keep the focus on the cost of production, because New Zealand is the only system in the world that can live through the current volatility, says Fonterra chief executive Theo Spierings.

Fonterra has appointed Judith Swales to the new role of managing director for Oceania.

Fonterra chair John Wilson says there has been “a complete misunderstanding” over the pay increase for the co-op’s chief executive.

Fonterra chief executive, Theo Spierings, says improved second half results in the 2015 financial year were driven by a strong focus on cash and costs.

Fonterra is shedding another 227 jobs as part of an on-going business review.