New Zealand dairy giant Fonterra Cooperative Group has said it is moving its consumer products division, New Zealand Milk, to Auckland from Wellington.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


The company also said it was seeking a new financial officer to replace Graham Stuart, who is to assume the role of group director of strategy and growth, reported Reuters.


Chief executive Andrew Ferrier said that New Zealand Milk’s move to Auckland by May 2004 did not signal a change in the group’s capital structure.


“The model that we have in Fonterra right now does provide quite a bit of capital for investment in growth,” Ferrier was quoted by Reuters as saying.   


“Certainly, in the plans that we have in the foreseeable future, we do not see the need for a different capital structure,” he said.   

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As a result of the move, managing director of NZ Milk, David Pilkington, has decided to leave the company but will continue as a consultant to Fonterra.