Theo Spierings to leave Fonterra CEO this year

Tue, 20 Mar 2018

By Pattrick Smellie March 21 (BusinessDesk) - Fonterra chief executive Theo Spierings will vacate the position in the course of this year, the cooperative's chair, John Wilson announced. Speaking at the end of a presentation on its first-half results, Wilson said the board had started a global search for a new chief executive late last year and the board had decided to bring forward the announcement of Spierings's departure after some seven years in the role. "It's normal succession planning. It's maybe a bit earlier and a bit awkward...

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