‘What we do next will define us’: Peter McBride looks to Fonterra’s future without Mainland

Fonterra’s chair, Peter McBride. (Image: Supplied)

Fri, 31 Oct 2025

“What we do next is what will define us.”That’s Peter McBride’s outlook for Fonterra Co-operative Group’s future without a “complex” consumer business attached to it.On Thursday, the co-op’s shareholders gave the $4.2 billion transaction to sell Mainland Group to Lactalis their blessing, with 88% voting in support and 80% participation.It was widely expected it would get farmers’ support leading into the online special meeting; however, it was more a question of how much support it would get...

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