How Marc Rivers helped paddle Fonterra back into the black

Marc Rivers joined the co-op shortly before it announced its first ever loss. (Image: Fonterra)

Fri, 23 Sep 2022

Fonterra’s chief financial officer Marc Rivers credits the dairy giant’s turnaround with having a clear purpose. Rivers, who was born in Switzerland but grew up in the US, joined Fonterra in March 2018, the year the dairy giant announced its first loss.That actually gave him an advantage. “Change is hard but the good thing about hitting the wall as hard as we did at the beginning is there is nowhere to hide,” he said.“Everyone could see that we had to change, and we had to be real, so that’s probabl...

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