Posts tagged "Theo Spierings"

Fonterra hopes new Beingmate general manager will transform company

[2 July/Stuff] Fonterra’s Chinese partner Beingmate has appointed a new general manager. Fonterra’s Chief Executive, Theo Spierings, welcomed the move as a signal of the company’s transformation. Fonterra wrote off $405 million of its $750 million investment in Beingmate earlier this year. The new general manager is Bao Xiufei (Bob). Mr Spierings said they knew...

Air New Zealand’s Christopher Luxon makes call on top job at Fonterra

[26 June/NZ Herald] Air New Zealand Chief Executive, Christopher Luxon, said he was not interested in the top job at Fonterra and remained committed to the airline. There had been speculation on whether he would move to Fonterra after the resignation of Theo Spierings. He said he was aware of the speculation on the subject...

Beingmate write down behind Fonterra first-half loss

[22 March/Otago Daily Times] Fonterra has posted a $348 million after tax loss for its first half of trading, largely due to the $405 million write-down in the value of its stake in Chinese infant formula distributor, Beingmate. Fonterra Chairman, John Wilson, said shareholders would be rightfully disappointed with this outcome and that Beingmate’s continued...

Fonterra CEO search likely to come down to 3-5 candidates

[22 March/The Country] According to employment experts, Fonterra’s search for a replacement for current Chief Executive, Theo Spierings, will likely come down to between three to five candidates. Former Fonterra insiders said there were no obvious internal candidates for the role. Principal of Whitehead Group Employment Specialists, Max Whitehead, said there was a lot of...