Displaying items by tag: Miles Hurrell

Fonterra has appointed a new chief financial officer, seven months after its last CFO’s shock resignation.

Fonterra released its interim results last month, showing a continuation of the strong earnings performance delivered by the co-op through the 2023 financial year. Here’s what Fonterra chair Peter McBride and chief executive Miles Hurrell said about the results…

Fonterra has delivered a solid half-year result, thanks to higher margins and sales volumes across the co-op's diversified product and category mix.

Fonterra says that while global inflationary pressures are easing, it is monitoring the potential for volatility because of geopolitical instability.

Fonterra chief executive Miles Hurrell was delighted to throw his support behind the national lamb day celebration held at Parliament last week.

Fonterra farmers start the new week with some good news – their forecast milk price mid-point for the season has jumped 30c.

Global food giant Nestle will provide a small premium to Fonterra farmers who achieve one of the three levels of Fonterra’s The Co-operative Difference framework during the 2023/24 season.

Improved demand from China has helped push the forecast farmgate milk for the season by 25c.

Fonterra will shortly be introducing a Scope 3 emissions target, which will seek to reduce emissions intensity on supplying farms.

Fonterra is using its vast trove of dairy culture collections to tap into a growing global health and wellness and medical nutritional markets.