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

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
Riley Kennedy
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...

More Primary Sector

Fonterra’s supply deal with Lactalis ‘two-edged sword’
Primary Sector

Fonterra’s supply deal with Lactalis ‘two-edged sword’

Fonterra need to build a “long-term strategic relationship” if it sells to Lactalis.

Garth Bray 25 Sep 2025
Fonterra reports FY revenue of $26b, up 15% on year
Primary Sector

Fonterra reports FY revenue of $26b, up 15% on year

Fonterra delivered $16.2 billion in total cash returns to shareholders.

Rebecca Howard 25 Sep 2025
Selling Fonterra’s brands business is best
Opinion

Peter McClure: Selling Fonterra’s brands business is best

Fonterra doubling down on what it does best will undoubtedly simplify its business.

Peter McClure 25 Sep 2025
BioLumic could be a new unicorn, says major shareholder
Primary Sector

BioLumic could be a new unicorn, says major shareholder

BioLumic’s Steven Sibulkin went from sceptic to its CEO.

Greg Hurrell 24 Sep 2025