Monday, 12 October 2020 10:16

He's back!

Written by  The Hound

OPINION: This old mutt understands that former Fonterra chief executive Theo Spierings has landed himself a new gig back in his native Netherlands.

He scarpered from the NZ dairy co-operative in late 2018 – after a disastrous $196 million loss – and pocketed $43m in salary and incentive payments during his 7-year tenure at Fonterra.

Now he’s gone back into business, setting up a management consulting business with Paul Roedig, who was director of brand and strategy at Fonterra from 2012 to 2015.

Spierings has been widely criticised for leading Fonterra into a strategy that many blamed for the poor financial performance of 2018-2019.

Apparently, he told a local Dutch newspaper he wasn’t looking for another job.

I guess when you have ‘earned’ $43m over 7 years, you probably don’t really need to work again.

Nice for some!


Wide price range 'realistic'

Fonterra's wide forecast milk price range for the new season is realistic, says BNZ senior economist Doug Steel.

Machinery & Products

Lady muck really does suck

As anyone will attest to – if they’re married to someone with horses, have kids with ponies or are foolish…

The perfect workhorse

Hastings-based Kleer Contractors provides 24-hour machine work and labour for a local food processing plant.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

No thanks!

OPINION: A mate of this old mutt's almost choked on his dog tucker when he came across the musings of…

More sunlight

OPINION: Your canine crusader hears that not all is rosy in the world of supposed rural sector congeniality.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter