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.
Apart from the ridiculous demand that Fonterra must prove 'it is not beating its wife', what really tickled this old mutt's interest was that the new NZ head of the eco-activist multi-national is none than one Dr Russel Norman. Yes, that would be the same Dr Russel Norman – who recently stood down as head of the NZ Green Party to take up the highly paid position at Greenpeace and was forever bagging Fonterra and the NZ dairy industry when he was an MP. It looks like dyed-in-the-wool (organic of course) Greenies never stop hating NZ's number one primary sector export earner. Yawn....
