Fonterra appoints corporate finance director

NEW ZEALAND – Co-operative giant Fonterra has named Alex Duncan as its new director of corporate finance.

Duncan joins the company from professional services firm Andersen New Zealand, where he is lead partner in the corporate finance practice. He will move to Fonterra in March.

Commenting on the appointment, Fonterra chief financial officer Graham Stuart said: “He will be able to draw from extensive involvement as an adviser in the dairy industry restructuring process over the past two years.” Duncan will be responsible for developing strategies to optimise portfolio risk exposure, including capital structure, foreign exchange and commodity price risks. He will also manage investor relations and analyse of the impact of the company’s strategies on its value.

Prior to joining Andersen New Zealand in 1998, Duncan ran his own consulting practice. He previously spent several years in the New Zealand Treasury.