Miles Hurrell formally appointed Fonterra chief executive

Mon, 04 Mar 2019

By Rebecca Howard March 5 (BusinessDesk) - Miles Hurrell has been permanently appointed as Fonterra Cooperative Group's chief executive, with immediate effect, earning a pay packet of $1.95 million plus incentives. Hurrell was appointed interim chief executive in August last year when Fonterra announced Theo Spierings was leaving the role early after the world's biggest dairy exporter lowered its farmgate payout and trimmed its dividend to retain cash. In September, the dairy giant posted its first ever full-year loss after writing d...

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