NEW ZEALAND: Fonterra starts search for CFO as Mason retires

By Katy Askew | 25 January 2013

Fonterra CFO Mason to retire

Fonterra CFO Mason to retire

Fonterra has launched a global search for a chief financial officer to replace Jonathan Mason, who plans to retire in the next six months.

Commenting on the news, CEO Theo Spierings said that Mason had "strengthened" Fonterra's financial position and "improved" its capital structure since joining the dairy cooperative in 2009.

"Jonathan will leave Fonterra in a much stronger position and we are grateful to him for this contribution."

Mason will continue to support Fonterra until the end of the financial year, while the group identifies a successor.

Show the press release


Fonterra Co-operative Limited said today that its Chief Financial Officer Jonathan Mason would be retiring in the next six months and that it had commenced an international search to replace him.
Fonterra Chief Executive Officer Theo Spierings said Jonathan Mason had always indicated that Fonterra would be his last full time role: "Jonathan joined Fonterra in the midst of the global financial crisis in 2009 and, under his leadership, ensured the Co-operative's financial position was strengthened through those difficult times. 

"Jonathan has also played a leading role in the launch of Trading Among Farmers, which has significantly improved the Co-operative's capital structure.

"Jonathan will leave Fonterra in a much stronger position and we are grateful to him for this contribution."

Mr Spierings said Mr Mason had agreed to support the Co-operative through to the end of the financial year while Fonterra identified a successor. 


Original source: Fonterra

Sectors: Dairy

Companies: Fonterra

View next/previous articles

Currently reading -

NEW ZEALAND: Fonterra starts search for CFO as Mason retires

There are currently no comments on this article

Be the first to comment on this article

Related research

Fonterra Co-Operative Group in Packaged Food (World)

Fonterra is ranked in the top 20 among dairy players. However, this is due for the most part to its strong presence in Australasia. The company is looking to diversify, investing in a China-based dairy operation, and is considering a move into India....

Fonterra Brands (New Young) Pte Ltd in Packaged Food (Taiwan)

Fonterra Brands (New Young) Pte Ltd plans to promote its products by sponsoring cooking events, seminars or competitions and by sharing the recipes with dairy products and butter. The majority of its sales result from foodservice, so the company will...

Fonterra Brands (NZ) Ltd in Packaged Food (New Zealand)

Fonterra Brands (NZ) Ltd is expected to remain focused on driving sales of key brands within the dairy categories in which it is present. Constant new product development and innovation are expected to remain aligned with key consumer trends, such as...

Related articles

CHINA: Fonterra cuts maternal milk price amid formula probe

New Zealand dairy giant Fonterra will cut the price of a maternal health milk product in China, becoming the latest firm to respond to Beijing's investigation into prices in the sector.

NZ: Fonterra names CFO, creates brand exec role

Fonterra, the New Zealand dairy giant, has named ex-Nestle executive Lukas Paravicini as CFO - and appointed former Campbell Soup Co. executive Jacqueline Chow to a new brands role.

CHINA: Beijing claims firms knowingly broke law on dairy pricing

Foreign suppliers of milk products to the China market suspected of colluding to maintain high prices could face hefty fines if found guilty, according to the China State Food & Drug Administration (SFDA).

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page