Fonterra has announced changes to its management team as a next step in implementing its strategy.
CEO Miles Hurrell says as the Co-operative moves to divest its Consumer and associated businesses, now is the time to make changes to management team roles responsible for driving end-to-end value through Fonterra’s global Foodservice and Ingredients businesses.
Richard Allen will lead Fonterra’s global Ingredients business as President – Global Ingredients, with his remit expanding to include the Co-op’s Ingredients businesses in Greater China and Middle East Africa.
Most recently, Richard has led Fonterra’s Ingredients business across markets including North America, North Asia, Asia Pacific and Europe.
Teh-han Chow will lead Fonterra’s global Foodservice business as President – Global Foodservice with his remit expanding to include the Co-op’s Foodservice businesses in South East Asia, Middle East Africa and other markets. In addition to this, Teh-han will continue as the CEO for Greater China.
“This is an exciting time for the Co-op as we shift to the front foot and drive greater value creation through our high-performing Foodservice and Ingredients businesses. Enabling our teams to have a clear end-to-end view of our channels will strengthen their ability and focus to deliver end-to-end value to our farmer shareholders.”
“Both Richard and Teh-han have extensive knowledge across these channels, and I know they are well placed to lead these teams to help the Co-op deliver our strategic goals.”
Miles Hurrell, CEO, Fonterra
With the South East Asia and Middle East Africa Foodservice teams now transitioning to Mr Chow, René Dedoncker’s title will change from Managing Director Global Markets Consumer and Foodservice to Managing Director Global Markets Consumer as he leads those businesses in scope for divestment.
Fonterra
Fonterra is a New Zealand-based multinational dairy co-operative and one of the world’s largest dairy exporters. Owned by around 9,000 farmer-shareholders, the company plays a key role in global dairy supply chains, providing high-quality milk and dairy ingredients to markets in over 140 countries. Fonterra operates across multiple business segments, including Ingredients, Foodservice, and Consumer brands, with a strong focus on innovation and sustainability. Additionally, Its well-known brands include Anchor, Anlene, and Anmum. The company is currently undergoing strategic changes, divesting its Consumer businesses to sharpen its focus on high-value dairy Ingredients and Foodservice. Fonterra remains committed to delivering sustainable dairy nutrition while driving long-term value for its shareholders and customers worldwide.