Fonterra is to part ways with chief executive Theo Spierings after the world’s biggest dairy exporter slumped to a NZ$348m first-half loss due to problems at its Chinese partner.
The New Zealand conglomerate said on Wednesday that Mr Spierings would step down before the end of the year. His departure follows criticism of governance at Fonterra by some of its 10,500 farmer shareholders, who have become increasingly concerned about the poor performance of Beingmate, a Shenzhen-listed infant formula maker.
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By Jamie Smyth and Tom Hancock
Source: Financial Times
Health and nutrition giant DSM is showcasing a new integrated F&B operating structure that unifies food specialties, hydrocolloids and nutritional products. Positioned as a business group, it will harness the gamut of taste, texture and health solutions to manufacturers in the F&B sector.
FoodIngredientsFirst speaks to key suppliers Corbion, Agrana Fruit and Kerry to discuss what core strategies are helping keep food businesses up-to-speed with their environmental reporting while remaining bias-free.
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