Fonterra's lack of majority control over troubled Chinese company Beingmate is hindering efforts to turn it around.

Fonterra has appointed a board sub-committee to salvage its disastrous investment in Chinese infant formula trader Beingmate.

Outgoing Fonterra chief executive Theo Spierings says the normal tenure of a global chief executive is between five and seven years.

Fonterra farmers are questioning the timing of the announcement of chief executive‘s Theo Spierings departure.

Fonterra chief executive Theo Spierings is to leave by the end of this year.

Fonterra has posted a half-year loss of $348 million on the back of a huge write-down of its Beingmate investment in China.

Waikato farmers may switch to A2 milk provided there’s a suitable premium attached to the milk payment, says the region’s Federated Farmers president Andrew McGiven.

Despite news that Fonterra’s partnership with Chinese company Beingmate appears to be going from bad to worse, the co-op is still claiming “confidence” in the investment.

a2 Milk Co has struck a deal with Fonterra that will enable it, over time, to diversify its milk sourcing, processing and manufacturing to meet growing demand for its products, the company says.

The Hound reckons Fonterra chief executive Theo Spierings should be forever known as ‘Teflon Theo’, because no matter what goes wrong on his watch it never seems to stick to him.