Expert Says Fonterra Backing Current Strategy With New CEO Appointment
The appointment of Richard Allen as Fonterra's new chief executive signals execution, not strategy, according to agribusiness expert Dr Nic Lees.
The announcement comes days before Richard Allen, currently president global ingredients, steps into the Fonterra chief executive role on 1st May 2026.
Elisa Giusti, Fonterra's vice president global ingredients growth based in Chicago, will assume the role of president global ingredients growth.
Fonterra’s Ingredients risk, pricing and optimisation, innovation, science and technology, and R&D functions will shift reporting line to Giusti.
Meanwhile, Fonterra's president Middle East, Africa, Europe & SEA, Gaby Amade, will assume the role of president global ingredients sales and operations.
Fonterra’s Ingredients teams in Greater China, Americas, Oceania and North Asia will shift reporting line to Amade.
Both Giusti and Amade will join Fonterra's management team.
The co-operative says the interim changes will remain in place until the permanent structure is confirmed.
