Strong growth for Yili's NZ operations
Chinese dairy giant Yili Group says its New Zealand operations are on track for strong revenue growth in 2025 after recording significant year-on-year growth for the first half of the year.
Westland Milk's new chief financial officer comes to the co-op with a track record in change management.
Dorian Devers joined Westland last week from the Linde Group (formerly the BOC Group) where he was financial director Africa, UK and Ireland and group chief financial officer for subsidiary Afrox.
Westland says Devers helped Afrox save NZ$48m, contributing to a 50% rise in its share price in his first year.
Westland chief executive Toni Brendish says she is “very excited” about Devers’ potential at Westland.
Brendish, appointed chief last September, has worked to improve Westland’s efficiency and cut costs, improve the co-op’s financial reporting and strengthen its core nutritionals market.
She also has a focus on partnerships with key commercial customers in priority, China especially. This has included strengthening the depth and experience of her management team.
Devers is the third new senior manager she has appointed, joining a new general manager China (Gary Yu) and a new chief operations officer (Craig Betty).
“Westland’s drive to improve its financial performance, and seek constructive mutually beneficial financial, technical and innovative relationships with key customers will be well supported by Dorian’s experience,” Brendish says.
“He has a proven record in leading transformational change in large and complex organisations to deliver sustainable benefits.”
Devers is married to Stephanie, a New Zealander, and they have three daughters Charlotte, Isla and Matilda.
He will be based at Westland’s Rolleston office.
Fonterra’s impending exit from the Australian dairy industry is a major event but the story doesn’t change too much for farmers.
Expect greater collaboration between Massey University’s school of Agriculture and Environment and Ireland’s leading agriculture university, the University College of Dublin (UCD), in the future.
A partnership between Torere Macadamias Ltd and the Riddet Institute aims to unlock value from macadamia nuts while growing the next generation of Māori agribusiness researchers.
A new partnership between Dairy Women’s Network (DWN) and NZAgbiz aims to make evidence-based calf rearing practices accessible to all farm teams.
Despite some trying circumstances recently, the cherry season looks set to emerge on top of things.
Changed logos on shirts otherwise it will be business as usual when Fonterra’s consumer and related businesses are expected to change hands next month.