Fonterra - Latest News [Page 1]

Fonterra Managing Director People & Culture Resigns

Friday, 15 November 2019, 8:56 am | Fonterra

Today Fonterra announces that Deborah Capill, Managing Director – People & Culture, has resigned. Deborah is set to leave the Co-operative in February 2020 to pursue a change in career. More >>

Fonterra increases 2019/2020 forecast Farmgate Milk Price

Tuesday, 22 October 2019, 8:49 am | Fonterra

Fonterra Co-operative Group Limited today increased its 2019/2020 forecast Farmgate Milk Price range from $6.25 - $7.25 per kgMS to $6.55 - $7.55 per kgMS. The Advance Rate Fonterra pays its farmer owners will be set off the mid-point, $7.05 per kgMS, ... More >>

Voting for 2019 Fonterra Elections Underway

Thursday, 17 October 2019, 12:40 pm | Fonterra

Voting is now open for the 2019 Fonterra Board of Directors’ Elections, the Shareholders’ Councillor Elections in two wards, and nine Annual Meeting resolutions. More >>

Fonterra appoints Chief Operating Officer

Tuesday, 8 October 2019, 8:45 am | Fonterra

Fonterra is pleased to announce the appointment of Fraser Whineray to its management team in the newly created role of Chief Operating Officer, starting in early 2020. Mr Whineray is currently the Chief Executive of Mercury NZ and has held several senior ... More >>

Candidates for Fonterra Elections announced

Monday, 30 September 2019, 5:11 pm | Fonterra

Andy Macfarlane, Donna Smit, Cathy Quinn and Philipp Haas were announced on 17 September as the Independently Assessed candidates. More >>

Fonterra announces FY19 annual results and new strategy

Thursday, 26 September 2019, 8:51 am | Fonterra

Today Fonterra announced its FY19 annual results, the final milk price for the 2018/19 season, its refreshed strategy and changes to its operating model and management team. The Co-operative reports a Net Loss After Tax of $605 million. Normalised earnings ... More >>

Independent Director Simon Israel to retire from board

Friday, 20 September 2019, 3:43 pm | Fonterra

Fonterra Co-operative Group Limited has announced that after more than six years as an Independent Director, Simon Israel has decided he will step down from the Fonterra Board at its Annual Meeting on the completion of his current term of appointment. ... More >>

Fonterra Nominations Open Today

Wednesday, 11 September 2019, 10:27 am | Fonterra

Nominations opened today for the 2019 Fonterra Shareholders’ Council, Directors’ Remuneration Committee and Fonterra Farmer Custodian Trust Elections. Nominations close and must be received by the Returning Officer by midday on Friday, 27 September ... More >>

Fonterra Defers Annual Results Reporting Date

Friday, 6 September 2019, 8:36 am | Fonterra

Fonterra advises a change of date for reporting its audited financial results for the 2019 financial year (FY19) ended 31 July 2019. More >>

Fonterra Provides Update on Earnings

Monday, 12 August 2019, 9:25 am | Fonterra

Fonterra Co-operative Group Limited today reconfirmed its underlying earnings guidance for the 2019 financial year that ended on 31 July 2019 (FY19), announced a final decision on its full-year dividend for FY19, and provided further information on ... More >>

Fonterra announce intention to reduce Beingmate shareholding

Wednesday, 7 August 2019, 9:37 am | Fonterra

Fonterra has announced its intention to sell a portion of its stake in Beingmate Baby & Child Food Company Ltd, which is currently a shareholding of 18.8%. Chief Executive Miles Hurrell says this decision is part of Fonterra’s three-point plan ... More >>

Nominations Documents Ready for Fonterra Election

Friday, 2 August 2019, 3:54 pm | Fonterra

Nominations for the Fonterra Board of Directors’ Election open today, Friday 2 August with an election to be held for two farmer-elected Directors. More >>

No New Coal Boilers for Fonterra

Thursday, 18 July 2019, 11:10 am | Fonterra

Fonterra is shaving eleven years off its coal target, as it announces a new commitment to reduce its reliance on coal. This commitment is the latest in a series of targets the Co-operative has set as it looks to embed sustainability at the heart of everything ... More >>

Fonterra and shareholders' council respond to climate bill

Wednesday, 17 July 2019, 10:45 am | Fonterra

Fonterra and the Fonterra Shareholders’ Council have today released their submissions on the Climate Change Response (Zero Carbon) Amendment Bill. More >>

Heavy lifting in sports and active lifestyle pays off

Friday, 28 June 2019, 8:49 am | Fonterra

Today Mars has signed an agreement to purchase a majority shareholding in German targeted nutrition business, foodspring and, as part of this transaction, Fonterra has sold its interest in foodspring’s parent Goodminton A.G, and will realise a ... More >>

Fonterra provides strategy, milk price and earnings updates

Thursday, 23 May 2019, 9:38 am | Fonterra

• Key third-quarter financial performance numbers: o Sales volumes: 16.6 billion LME, up 4% o Revenue: $15 billion, up 1% o Gross margin: $2.2 billion, down 3% o Normalised operating expenses: $1.8 billion, down $73 million o Normalised EBIT: ... More >>

Tip Top to Join Froneri Global Family

Monday, 13 May 2019, 2:08 pm | Fonterra

New Zealand’s iconic ice cream company has a new owner, after global ice cream company Froneri today purchased Tip Top from Fonterra for $380 million. More >>

High Performing Farms Part of New Approach to Sustainability

Wednesday, 3 April 2019, 3:38 pm | Fonterra

In line with key themes emerging from its new strategy, Fonterra today announced details of its new approach to sustainability on farm. The Co-operative Difference will make it easier for farmers to know what is expected today and in the future, ... More >>

Fonterra Announces 2019 Interim Results

Wednesday, 20 March 2019, 9:09 am | Fonterra

Fonterra Co-operative Group Limited today announced its 2019 Interim Results which show the Co-op has returned to profitability with a Net Profit After Tax (NPAT) of $80 million, but normalised Earnings Before Interest and Tax (EBIT) are down 29% ... More >>

Fonterra appoints Judith Swales COO Global Foodservice

Thursday, 7 March 2019, 10:13 am | Fonterra

Fonterra CEO Miles Hurrell has confirmed Judith Swales to the role of Chief Operating Officer, Global Consumer and Foodservice. This follows her appointment to the role in an acting capacity earlier this year. Miles Hurrell says “Judith has been providing ... More >>

 

 

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