New Zealand dairy giant Fonterra has formed divisions for its businesses in emerging markets.

The moves come as part of a reshuffle of the company's management by chief executive Theo Spierings.

Fonterra has formed new business divisions to grow emerging markets in China, India and Latin America.

Kelvin Wickham, MD of Fonterra's GlobalTrade division, will become managing director of its operations in China and India.

Alex Turnbull, acting MD for Fonterra's global ingredients and foodservice business, will lead its new division for Latin America.

The company has also set up a global Fonterra Nutrition unit. Sarah Kennedy, who had been CEO of rural supplies business RD1, will lead the division.

"These changes, along with re-configuration of existing business units and the support functions within the company, will position us to increase volumes and value in line with our strategy," Spierings said.

The management structure, which Fonterra said will have a greater regional focus, will come into effect from 1 August, the start of a new financial year.

"From day one I have been impressed by the quality of people at Fonterra and it is great to be able to draw on this strong bench strength when assembling our team," Spierings said. "The new structure and senior appointments reflect our focus on dairy nutrition and emerging markets, as well as our intention to reduce layers and duplication to drive efficiencies across the business."

The rest of Fonterra's new management team includes CFO Jonathan Mason, managing director for group optimisation and supply chain Ian Palliser, as well as group general manager for strategy Maury Leyland.

Paul Campbell, will be group general manager for M&A, Gary Romano will be MD of Fonterra's milk business in New Zealand and John Doumani will lead its business in Australia.

Mark Wilson, meanwhile, will be MD for Fonterra's operations in south-east Asia, the Middle East and north Africa.