Fonterra - Latest News [Page 1]

Fonterra Revises Its 2019/20 And 2020/21 Forecast Farmgate Milk Price Ranges

Friday, 17 July 2020, 8:53 am | Fonterra

Fonterra Co-operative Group Limited today revised both its 2019/20 and 2020/21 forecast Farmgate Milk Price ranges. The 2019/20 forecast Farmgate Milk Price range has narrowed from $7.10 - $7.30 per kgMS to $7.10 - $7.20 per kgMS. The mid-point, off which farmers ... More >>

Fonterra Announces Peter McBride As Chairman-elect

Friday, 26 June 2020, 10:04 am | Fonterra

Fonterra Co-operative Group Limited (FCG) has announced that current Farmer Director, Peter McBride has been selected as the Co-operative’s Chairman-elect by his fellow Directors. Under Fonterra’s constitution, its Chairman is selected by the Board ... More >>

Fonterra To Pay Farmers More For Sustainable, High Value Milk

Tuesday, 23 June 2020, 10:39 am | Fonterra

Fonterra farmers producing sustainable, high quality milk will be eligible for a new payment, as Fonterra announces important changes to the way it pays farmers for their milk. From 1 June 2021, Fonterra is introducing a Co-operative Difference Payment ... More >>

Appointment Of Independent Director To Fonterra Board

Tuesday, 28 April 2020, 8:44 am | Fonterra

Fonterra today announced the appointment of a new Independent Director, Holly Kramer, who will join the Fonterra Board as an Independent Director on 11 May 2020. Ms Kramer is based in New South Wales and has extensive governance, multinational, and retail ... More >>

Fonterra Reports Its Interim Results

Wednesday, 18 March 2020, 12:33 pm | Fonterra

Fonterra Co-operative Group Limited today announced its 2020 Interim Results, which show the Co-operative’s financial performance has improved with increased underlying earnings and reduced debt. More >>

Fonterra Chairman Confirms Retirement In November

Thursday, 5 March 2020, 9:13 am | Fonterra

Fonterra Co-operative Group Limited (FCG) Chairman John Monaghan has confirmed that he will retire as a Director of the Co-operative when his current 3-year term ends at its Annual Meeting this November. In a note to the Co-operative’s farmer-owners ... More >>

Fonterra Reaffirms Forecast Farmgate Milk Price And Earnings Guidance, And Revises Milk Collections

Thursday, 27 February 2020, 2:09 pm | Fonterra

Fonterra Co-operative has reaffirmed its forecast Farmgate Milk Price range at $7.00-7.60 per kgMS and its forecast full-year underlying earnings guidance of 15-25 cents per share. It has also revised its forecast milk collections for the 2020 season down ... More >>

Fonterra’s Te Awamutu site moves to pellet power

Thursday, 30 January 2020, 8:28 am | Fonterra

Fonterra is taking another step forward in its commitment to renewable energy as it announces that its Te Awamutu site will be coal free next season. More >>

Fonterra appoints interim CEO Greater China

Thursday, 19 December 2019, 4:15 pm | Fonterra

Fonterra is pleased to appoint Teh-Han Chow as its interim CEO Greater China. Fonterra CEO Miles Hurrell says the creation of this new role on the Fonterra Management Team reflects the importance of the China market to the Co-op and it will sit alongside ... More >>

Fonterra to Streamline Chilean Operations

Thursday, 19 December 2019, 9:33 am | Fonterra

Fonterra has purchased the minority interest in Prolesur, held by Fundación Isabel Aninat (the Fundación), as the Co-op looks to streamline its operations in Chile. More >>

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 >>