The successor to Fonterra chief executive Theo Spierings can look forward to a pay package of about $30 million over six years.
It was a very mixed bag coming out of Fonterra’s interim report.
Fonterra’s departing chief executive Theo Spierings has been a strong leader, Tararua Federated Farmer’s president Neil Filer says.
New Zealand’s S&P/NZX 50 Index rose to a record led by Synlait Milk, which jumped to an all-time high after posting strong first-half earnings growth. Synlait’s partner A2 Milk Co also gained, along with Kathmandu Holdings and the Fonterra Shareholders’ Fund.
The latest rise in milk prices could line the pockets of lower North Island farmers by $23 million.
New Zealand’s largest company Fonterra is on the hunt for a new boss after chief executive Theo Spierings resigned today amid a dire profit loss for the dairy giant over the past year.
Theo Spierings to leave world’s biggest dairy exporter as the NZ group swings to loss.
Farms sales are continuing their downward trend with 12 percent fewer properties sold in the three months to February compared to last year.
A Canterbury award-winning dairy farming couple seek to counter the industry’s negative press, writes Heather Chalmers.
Futures market action suggests dairy prices may ease at Wednesday’s GlobalDairyTrade auction — but not by enough to affect Fonterra’s milk price forecast.