Fonterra divestment ‘not about waving the white flag’: Hurrell

Fonterra chief executive Miles Hurrell sees strong shareholder support for a simpler NZ-focused co-operative. (Image: NZME)

Garth Bray

Mon, 26 May 2025

Riley Kennedy

Mon, 26 May 2025

Fonterra will seek “strong support” from farmer shareholders when the board proposes the divestment of its consumer brands and the co-operative's Oceania division assets in Australia and New Zealand.“If you're getting 50% plus a tickle up, it doesn't really give you the mandate or the endorsement,” Fonterra chief executive Miles Hurrell told BusinessDesk.“We'd be seeking something from farmer shareholders that gives us the strong support that we want, to go forward with this.”Watch: The Mainla...

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