Fonterra prepares for a new chapter as CEO Miles Hurrell steps down. Explore the co‑op’s strategic pivot, the leadership qualities it now needs, and the internal contenders who could guide its next phase of growth.
Fonterra CEO Miles Hurrell steps down days after the Lactalis deal, ending a 25‑year tenure marked by major divestments, restructuring, and a strategic reset.
As Fonterra divests its Mainland Group to Lactalis, the co‑op shifts focus to high‑value ingredients, foodservice and capacity growth under a streamlined strategy.
Fonterra shareholders weigh NZ$4.22bn sale of Mainland Group to Lactalis, with advisors suggesting a 15–25% premium was paid for the spin-off.
Demand for mozzarella in Greater China foodservice has boosted Fonterra’s bottom end in FY25.