Fonterra sets up a new corporate venture arm

Fonterra sets up a new corporate venture arm
Fonterra chief executive Miles Hurrell says nutrition science is an opportunity for Fonterra. (Image: Fonterra)
Riley Kennedy
Dairy giant Fonterra has set up a new corporate venture arm to invest in nutrition science opportunities.The business, provisionally named Nutrition Science Solutions (NSS), will have its own board and chief executive, who is yet to be appointed.Despite that, NSS has already made its first investment, taking a minority shareholding in US-based biotech company Pendulum.The “growth-stage” company specialises in targeting metabolic health through evidence-based microbiome solutions.Fonterra’s chief executive Miles Hurrell and chi...

More Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down
Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down

He won't go until the annual meeting in September, however.

Riley Kennedy 02 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024
NZ startup Jooules is turning CO2 into protein
Primary Sector

NZ startup Jooules is turning CO2 into protein

Jooules’ fermentation tech aims to mitigate world hunger and climate change.

Ben Moore 01 May 2024