Fonterra scotches media report that Spierings is to leave, with Air NZ's Luxon eyed as replacement

Sun, 29 May 2016

By Jonathan Underhill May 30 (BusinessDesk) - Fonterra Cooperative Group has categorically denied a report in The Australian newspaper that chief executive Theo Spierings is to leave the world's biggest dairy exporter and that Air New Zealand chief Christopher Luxon is being considered as a replacement. The report tied Spierings' departure to the weak performance of its Australian arm and may have been triggered by criticism both Fonterra and Murray Goulburn have faced in cutting their forecast milk payouts to Australian farmers, which pr...

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