Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Fonterra has appointed Judith Swales to the new role of managing director for Oceania.
Swales, the co-op's managing director for Australia since 2013, will report directly to Fonterra chief executive Theo Spierings.
Spierings says Swales was the natural choice to lead Oceania, which is comprised of Fonterra's Australian business and its New Zealand consumer businesses, including Tip Top.
"Judith has a great understanding of consumers and their relationship to brands and has proven her ability to build effective partnerships in the highly competitive supermarket sector in Australia. By having Judith lead Oceania we are ensuring the growth of our brands on both sides of the Tasman.
"Judith also has extensive experience in business transformation and has led the reshaping of our Australian operations. She will continue to progress our detailed plan to lift our performance and profitability in Australia."
Swales joined Fonterra following leadership roles with Heinz Australasia and Goodyear Dunlop Australia
Fonterra Brands NZ will continue to run as a standalone business in New Zealand, under the managing director Jonathan Box, who will report to Swales. Fonterra is working through a process to appoint a permanent person to this role.
Swales will remain based in Melbourne, and her appointment takes effect November 1.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
New Zealand farmers are committed to making their businesses more resilient to climate change and are embracing innovation to help them do so.
Atiamuri farmers Paul and Lesley Grey never gave up their dream of owning their own farm – and in 2020, that dream came true.