Fonterra Announces Interim Leadership Changes Ahead of Richard Allen CEO Transition
Fonterra has announced interim changes to the leadership of its Global Ingredients business.
Federated Farmers dairy chair Andrew Hoggard says this will be a huge boost to dairy farmers’ spirits after a difficult spring.
"The weather’s been kicking our guts over the last few months and that’s on top of what everyone knows has been a tough couple of years,” Hoggard says.
"This is going to boost everyone’s morale."
The announcement equates to about an extra 75 cents for the season.
"It’s good news. We are going to see dairy farmers feeling a lot more positive over the next couple of months, which is good news for the entire New Zealand economy," Hoggard says.
