Fonterra looking at options for global consumer business

Chief executive Miles Hurrell. (Image: Getty)

Thu, 16 May 2024

Fonterra is looking at options for its global consumer business as it looks at a “step change” in its strategic direction.Global markets chief executive Judith Swales will also leave the company.The dairy giant said the co-op was looking at “full or partial” divestment options for some or all of its consumer business, as well as its Oceania and Sri Lankan businesses.Chair Peter McBride said it was a “significant move” for the co-op, which would set it up to grow long-term value for farmer shareholders an...

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