Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
A tweetfrom Fonterra’s official twitter account said the industry has lost “a close friend, leader and advocate of our industry much too soon”.
“Our thoughts and deep gratitude for all that Michael contributed go to the Spaans family.”
Spaans stepped down from the Fonterra board last year due to poor health. He remained chairman of DairyNZ.
Spaans farmed at Te Aroha and also had farming interests in the South Island, Chile and the US.
