Fonterra CFO resigns abruptly

Fonterra CFO resigns abruptly
Neil Beaumont. (Image: NZME)
Riley Kennedy
Fonterra’s chief financial officer, Neil Beaumont, has resigned after eight months in the job.Beaumont, who joined the co-op in February from the Canada Pension Plan Investment Board, finishes on Friday.Simon Till, who most recently held the role of director of capital markets, will be acting CFO while recruitment is under way for a permanent CFO, Fonterra said in a statement on Tuesday afternoon. It gave no explanation for his abrupt resignation.Beaumont took over from Marc Rivers, who resigned last year. Chris Rowe was acting CFO b...

More Finance

Todd Corporation: the reset
Finance

Todd Corporation: the reset

Legacy gas assets will give way to a focus on solar electricity generation.

Pattrick Smellie 13 Dec 2024
Kiwibank won't bring banking Revolut-ion
Finance

Kiwibank won't bring banking Revolut-ion

Forget Kiwibank. Revolut is the force big banks will have to reckon with, expert says.

FMA to oversee ‘regulatory sandbox’ for fintechs
Finance

FMA to oversee ‘regulatory sandbox’ for fintechs

The initiative aims to speed up financial services innovation and regulation in NZ.

Ben Moore 12 Dec 2024
Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.

Pattrick Smellie 12 Dec 2024