High Time from the way he handled SANLU CRISIS...

hmmm.... grasping money grubbing monopoly rorting the home market.... I wonder if Weldon is free to take over then

5 years overdue - why do Fonterra need to pay someone $2m plus to run a monopoly.

Any Fonterra CEO is charged with growing the net income of the farmer shareholders. On that basis Ferrier has been a complete success.

Mr Ferrier was there to add value for the benefit of the shareholders. To that end he has done his job successfully. In global terms, Fonterra is not a monopoly and in a market environment is a lot more complicated than the average person may think.

Ask the dairy farmers, and see what the majority think of his performance. Singularly unimpressed, I'm betting.

I agree re comment NZers shortsightedness; Mr Ferrier has done wondrous for the corporate, farmers, himself, and more importantly the COUNTRY.. Great job and hope the next successor will be both as wise and ethical!

Greg,

Who do you buy the milk off? Fonterra? No. you buy it from a supermarket. How do you presume the supermarket makes a living? Mark-up, pure and simple. That is why "Home Brand" etc milk is so much cheaper, it doesn't have the brand attached to it so doesn't attract the same mark up.

DIRA is fairly clear as to how milk is to be valued when sold by Fonterra so as such anti-compeditive issues don not arise from this.

milk $1 a litre in Aus at mom - loss leading - woolies and coles squeezing. same as toliet paper - 24 rolls for 10 bucks - 3 ply even...loss-leading

Some fellow Kiwis make me sick - they cannot bear people who are successful and in a worldwide market. Surely Mr Ferrier must get some credit for Fonterra's success in a worldwide market and which is flowing profits back into NZ.

Do they imagine that Mr Ferrier can control the price of milk overseas - most of the remarks made above are a disgrace to NZ, and I thoroughly agree with Aidan and on behalf of many sensible Kiwis would apologise for such idiots who I hope are not fellow Kiwis.

Duncan Hamilton

Good riddens I say.

Thankfully, a failed mission to break down the strength of the farmer co-op. Who was he really working for anyway? Could it be overseas interests that will make farmers slaves to their land. Hopefully we never find out...

Regarding his operational performance, you would have to rate that as poor.

The bulk of Fonterras income is determined by overseas commodity prices. During his tenure, hes just been plain lucky the demand for dairy products has increased. He would have been gone long ago otherwise.

His true measuring stick is the development of value added income. Growth of this has been less than poor, and this is what Fonterra need to build before the supply of commodities catches up with its demand; and it will. The Fonterras current business and returns to the farmer will plummet. Owning world wide brands
is the way to go, then you have more stable income streams, and plan budgets better. So simple, yet this has been sadly lacking.

In my opinion an underperforming overpaid CE, working on behalf of overseas investors rather than shareholder farmers!!