Displaying items by tag: Miles Hurrell

Fonterra chief executive Miles Hurrell says work will continue this year on the co-operative’s business reset.

Fonterra has increased the mid-point of its forecast farmgate milk price for 2020/21.

Fonterra shrugged off the effects of COVID-19 in many markets to record a $67 million rise in normalised earnings before income tax (EBIT).

Fonterra says 2019-20 proved to be a year of two halves.

Fonterra chief executive Miles Hurrell says 2019/20 was a good year for the co-op, with profit up, debt down and a strong milk price.

Fonterra has told its farmer shareholders that on-farm sustainability must improve further or the co-op could lose $300 million of annual business from key customers.

Fonterra’s first half results show a turnaround in financial performance, with increased underlying earnings and reduced debt.

Fonterra chief executive Miles Hurrell says the popular Open Gates initiative is likely to go bigger next year.

A Fonterra executive has announced her resignation, nine months after joining the co-op.

Fonterra chief executive Miles Hurrell says the co-op cannot afford to repeat last year’s disappointing performance.