Fonterra shaves 50c off forecast milk price
Fonterra has dropped its forecast milk price mid-point by 50c as a surge in global milk production is putting downward pressure on commodity prices.
Deborah Capill, managing director – people & culture, will leave the co-op to “pursue a change in career”, a Fonterra statement says.
Fonterra’s chief Executive Officer, Miles Hurrell, said that Capill joined the Fonterra management team in early 2019 (February) upon returning to New Zealand after a lengthy career offshore.
“Deborah has over 25 years HR experience and has worked in various organisations globally. Over the past year Deborah has played an important role in the development of our new operating model and has been instrumental in streamlining a number of our HR processes.”
Hurrell acknowledged Deborah’s HR leadership and contribution in supporting the new strategy and implementation of the operating model.
“The cooperative thanks Deborah for her contribution and wishes her all the very best for her future career endeavours.”
A search for a new managing director, people & culture is expected to begin shortly.
