Industry News

Leadership change at Fonterra

Fonterra Global Markets CEO, Judith Swales, is expected to step down at the end of July.

An established leader who joined the group in 2013, Swales has helped in future proofing the company by associating it with some of the worlds most trusted dairy brands.

Fonterra CEO, Miles Hurrell, emphasised the variety of leadership roles Swales has held over the years and the significant impact she has had to their Global Markets region.

“Judith has been an important part of Fonterra since 2013, having started her time in our Australian business,” he said.

“She has held a variety of significant leadership roles across the co-op and has been a critical part of the Fonterra Management Team.

“She is a high-performing executive with achievements including the standing up of our Global Markets region, which is currently performing very well; the successful turnaround in the performance of our consumer business, putting it on a pathway for a stronger future with some of the world’s most trusted and loved dairy brands; and leading our Velocity transformation program.”

As part of a change in strategic direction the company has also revealed that it is exploring divestment options for its global customer business as well as its integrated business Fonterra Oceania and Fonterra Sri Lanka.

Chairman of the company, Peter McBride, said that this move will ultimately set the business up to achieve long-term value for farmer shareholders and unit holders.

“We have conducted a strategic review which has reinforced the role of our core business,” said McBride.

“This is working alongside farmers to collect a sustainable supply of milk and efficiently manufacture products valued by customers to deliver strong returns to farmer shareholders and unit holders.”

In other news, an additional $467 million has been announced to make the Bruce Highway safer.

The post Leadership change at Fonterra appeared first on Trailer Magazine.

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