Fonterra defends execs' multi-million dollar salaries as it axes 523 jobs
Fonterra is standing by the multi-million dollar salaries it pays its top earners, after announcing it is getting rid of at least 523 middle and lower management staff.
Fonterra sheres first results of Business review
Chief Executive Theo Spierings said the Co-operative’s leadership was developing initiatives to deliver value right across the organisation.
Fonterra told media before staff about big job cuts
Fonterra staff informed hundreds of jobs would go hours after comments made to media
Fonterra CEO Theo Spierings looks to the boom beyond the storm
Fonterra’s Theo Spierings says he is positioning the dairy giant to capitalise on the long term surge in dairy consumption, writes Tim Binsted.
Fonterra profit slides 16pc, dividend forecast cut
Fonterra chief executive Theo Spierings is not ruling out job cuts as the company looks to make the «tough decisions» needed to lift its game.
Milk growth 'critical' for #Fonterra
Milk from New Zealand dairy farms drives Fonterra’s future, but there is work to be done on improving the company’s reputation, says chief executive Theo Spierings.
Product mix big call for #Fonterra
Fonterra’s top executives will have plenty to think about early next year when they devise the co-operative’s next three-year business plan.
#Fonterra opens up, recovers in China
FONTERRA’S sales in China are nearly back to pre-botulism scare levels and in the ingredients business they are higher, chief executive Theo Spierings says.
#Report recommends Fonterra shed 'Fortress Fonterra' reputation; employ PR people directly; change plant cleaning; create new risk committee
A Fonterra-board appointed inquiry into a recent Botulism scare has recommended Fonterra change its plant cleaning procedures, employ more communications people and shed a reputation it has with its clients and regulators for being «Fortress Fonterra.» The Inquiry led by Chapman Tripp partner Jack Hodder, QC, made 33 recommendations to the board after looking […]
#Fonterra Aims to Rebuild Consumer Confidence
When Theo Spierings’s phone rang on Aug. 1, he knew it must be bad news. The chief executive of Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, was in Europe to attend a family funeral, and he didn’t expect to be disturbed.