Fonterra, Sharesies join to make share trading easier
Fonterra is teaming up with wealth app provider Sharesies to make it easier for its farmer shareholders to trade co-op shares among themselves.
Fonterra is losing another executive.
Lukas Paravicini, the chief operating officer of Fonterra’s consumer & foodservice business, has resigned.
He is set to leave the cooperative in January 2019 as he and his family plan to return to Europe.
Paravacini was reportedly one of the internal candidates for the chief executive’s position after Theo Spierings’ departure in September.
Fonterra’s board picked Miles Hurrell as interim CEO.
Hurrell said that Paravacini first joined the Fonterra management team in 2013 as chief financial officer and then went on to be the chief operating officer for its global consumer & foodservice business.
“During his time, Lukas was instrumental in maintaining the financial strength of the Co-operative, including through some years of low milk prices and challenging global conditions. He spearheaded initiatives such as the cooperative Support Loan and championed Fonterra’s business transformation.”
Hurrell noted that Paravacini had moved seamlessly from Fonterra’s numbers man to leading its global consumer and foodservice businesses.
“The cooperative thanks Lukas for his contribution and wishes him every success in his next venture.”
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
Graham Brown, the executive chef for Deer Industry New Zealand (DINZ), is excited about Korea.