Fonterra Settles Greenpeace Claim Over Anchor Butter Labelling
A day after selling its consumer businesses, Fonterra has settled a civil claim, filed by Greenpeace, out of court.
Fonterra’s chief financial officer (CFO) Neil Beaumont leaves the co-op on Friday, just nine months after taking on the role.
Beaumont’s surprise departure came in a Fonterra press release to the NZ Stock Exchange. No reason was given for his sudden departure.
Simon Till, who has most recently held the role of Fonterra’s director capital markets, will take up the position of acting chief financial officer “while recruitment for a permanent CFO is underway,” the brief statement says.
“Neil joined the co-operative in February 2023 and his last day will be the 3rd of November.”
Announcing his appointment in November last year, Fonterra said Beaumont was an accomplished group CFO, experienced in operating at the most senior levels of global and in complex business environments.
Before joining Fonterra, he was senior managing director, chief financial and risk officer at Canada Pension Plan Investment Board (CPPIB), with responsibility for leading the operations, finance, and risk functions for the CAD $500b investment fund.
He has held senior roles at BHP Billiton in Chile and Australia and at KPMG. He is a chartered accountant with the Canadian Institute of Chartered Accountants and holds a Bachelor of Commerce from the University of Saskatchewan.
With arable farmers heading into the busy planting season, increasing fuel and fertiliser prices, driven by the Iranian conflict, are a daily and ongoing concern.
OPINION: After two long years of hardship, things are looking up for New Zealand red meat farmers.
A casualty of the storm that hit the Bay of Plenty recently was the cancelation of a field day at a leading Māori kiwifruit orchard at Te Puke.
Michael Wentworth has joined the team at Mission Estate Winery, filling the "big shoes" of former Chief Executive Peter Holley, who resigned in September last year, after almost 30 years running the storied Napier venue.
Some arable farmers are getting out of arable and converting to dairy in the faced of soaring fuel and fertiliser prices on top of a very poor growing season.
The New Zealand seed industry has reached a significant milestone with the completion and approval of the new seed certification system.