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Fonterra chairman Henry van der Heyden has announced his intention to step down in a year's time.
He made the announcement at today's Fonterra annual general meeting at Whangarei. Van der Heyden will hand over to an as-yet-unnamed successor at the 2012 AGM.
Van der Heyden's retirement as chairman will follow on from the recent replacement of CEO, with Theo Spierings replacing Andrew Ferrier.
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Fonterra's Eltham site in Taranaki is stepping up its global impact with an upgrade to its processed cheese production lines, boosting capacity to meet growing international demand.
Fonterra's 2025/26 financial year is off to a strong start, with a first quarter group profit after tax of $278 million- up $15m on the previous year.
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When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
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