Milk producer Fonterra said on Friday Chairman John Wilson has resigned from his position with immediate effect over concerns regarding his health.
Fonterra’s board has selected company veteran John Monaghan as the co-operative’s new chairman.
Monaghan has been on the dairy firm’s board since 2008 and has played a key role in the search of a new chief executive, Fonterra said in a statement.
“Within the last month Mr Wilson has undergone a significant surgery and will require on-going treatment,” it added.
Earlier this year, Fonterra had flagged that Chief Executive Theo Spierings will leave his role later this year as part of a planned succession process.
Monaghan’s appointment comes at a time when global dairy prices have been depressed by increased production.
By Aditya Soni
Source: Reuters
Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.
PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.
Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.
