Fonterra Co-operative’s CEO Miles Hurrell has announced that the company will integrate its Australian and New Zealand businesses to create Fonterra Oceania.
The integration of FBNZ and Fonterra Australia will be effective from 1 May 2024 with René Dedoncker to lead the new Fonterra Oceania team.
In a communication sent to Fonterra farmers, Hurrell said that the merger will strengthen Fonterra’s trans-Tasman offering in what is an increasingly competitive marketplace.
“Our businesses in Australia and New Zealand have many complementary aspects and integrating them builds on these strengths,” he said.
“Fonterra Brands New Zealand (FBNZ) comprises our consumer brands and foodservice businesses here in New Zealand, including brands Anchor, Mainland and Kāpiti, which will continue to utilise your milk.
“The Australian milk pool will continue to provide the milk solids for our Australian brands and ingredients.”
Speaking on Dedoncker’s appointment as the head of Fonterra Oceania, Hurrell said: “Some of you may know René given his extensive experience across the Co-op, having held several global leadership positions before taking the reins of the Australian business in 2017.
“I look forward to keeping you updated on our progress, and how this transition will create greater value to our Co-op.”
Source: www.c-store.com.au
