Sector News

Key Fonterra figure quits for French rival

March 18, 2015
Food & Drink
A key figure in Fonterra’s management team has resigned, returning to France to take a role with his former company Danone.
 
Pascal De Petrini’s resignation as managing director of the dairy co-operative’s Asia Pacific, Middle East and Africa (APMEA) business unit is effective immediately.
 
Fonterra said he had decided to accept an executive Vice President role with Danone from mid-June this year.
 
Danone, which owns infant formula business Nutricia, launched legal action against Fonterra after cancelling its supply contract with the dairy co-operative last year.
 
The companies fell out over the 2013 botulism scare, which Danone says cost it €350m ($545m).
 
Fonterra chief executive Theo Spierings said De Petrini was a strong team player who had set a clear strategy in key APMEA markets.
 
“We respect his decision to accept a new challenge and thank him for his leadership of our APMEA business during his time with the co-operative,” said Spierings.
 
“We have begun the process to recruit Pascal’s successor and our aim is to have a final structure in place by 1 August.”
 
In the meantime, the heads of each region within the APMEA business will report directly to Spierings.
 
By Richard Meadows
 
Source: stuff.co.nz

comments closed

Related News

October 2, 2022

Drinktec 2022: In review

Food & Drink

In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.

October 2, 2022

Alan Jope to step down as Unilever CEO

Food & Drink

Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.

October 2, 2022

Lakeland Dairies names Colin Kelly as next group CEO

Food & Drink

Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.