Miles Hurrell
Fonterra announces divestment of Chile business
The divestment comprises a number of transactions that result in aggregate consideration of 591.07 billion Chilean Pesos (approximately USD 640 million).
Fonterra announces FY22 annual results
Fonterra has announced a strong set of results for the financial year ending 31 July 2022, reflecting a 2021/22 Farmgate Milk Price of NZ$9.30 (US$5.46) per kgMS.
Fonterra revises price due to geopolitical events
World events are having an effect on dairy farm gate prices, says Fonterra.
Fonterra to exit Russian businesses
Fonterra has announced it will exit its businesses in Russia. This follows the Co-op’s decision to suspend shipments of product to Russia at the end of February.
Fonterra’s CFO Marc Rivers to leave the Co-op
Fonterra has announced that its chief financial officer Marc Rivers will be leaving the Co-op at the end of 2022 following its Annual Meeting.
Fonterra, NZX and EEX enter GDT partnership for future growth
Fonterra has agreed a strategic partnership with New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX) to each take ownership stakes in Global Dairy Trade (GDT) alongside the Co-op.
Fonterra revises milk forecast
Fonterra Co-operative Group revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kilograms of milk solids (kgMS), down from its opening forecast of 1,525 million kgMS.
Fonterra ups farmgate milk price and reports solid start to 2022
Fonterra Co-operative Group lifted its 2021/22 forecast farmgate milk price range, reported a solid start to the 2022 financial year and revised its earnings guidance.
Fonterra’s foodservice business hits $3 billion in revenue
Fonterra’s Foodservice business, Anchor Food Professionals, has reached a milestone to become a $3 billion NZD annual revenue business.
Fonterra completes reset, announces annual results & long-term growth plan out to 2030
CEO Miles Hurrell says the last three years have been about resetting the business.
Fonterra appoints Daly as MD of People & Culture
Fonterra has appointed Kate Daly as its managing director for People & Culture, effective from 1 September 2021.
Fonterra agrees sale of China JV farms
Fonterra has agreed the sale of its two joint venture farms in China in Shandong province.
Fonterra’s Hurrell notes improving economies
Fonterra CEO Miles Hurrell says that the improving global economic environment and strong demand for dairy are sitting behind the co-op’s $8 (€4.77) midpoint of its 2021/22 forecast farmgate milk price range.
Fonterra completes sale of two China farms
Fonterra has completed the sale of its two wholly owned China farming hubs in Ying and Yutian.