Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
Paravicini joins Fonterra after 22 years with Nestle, most recently as general manager for Nestle Professional Europe for two years, before that in Nestle senior finance positions including running their global business services and 10 years in Latin America.
The co-op has also appointed Jacqueline Chow as managing director global brands and nutrition, a new Fonterra management position. Chow will lead the co-op's overall marketing, innovation and research.
She has spent 20 years in blue-chip multinationals, previously Arnott's, as general manager of Australia and New Zealand, leading its $1 billion business.
Chow has held executive marketing and innovation roles in Campbell's and the Kellogg Company, starting out as a strategy consultant in consumer products.
Fonterra chief executive Theo Spierings says the appointments reflect well on the co-op's ability to attract high calibre, internationally experienced people to senior management roles.
