New Fonterra team's focus on emerging markets
Fonterra expands its top management team to focus on sales in emerging markets.
BUSINESSDESK: Fonterra has expanded its top management team as part of the new strategy to focus on sales in emerging markets.
New chief executive Theo Spierings has appointed 11 of the 12 roles as part of a new group strategy, all with internal candidates.
The flatter management structure will have a greater regional focus and come into effect from August 1, the start of a new financial year.
Fonterra management has previously operated under large silos headed up by handful of executives, and it wants to reduce the complexity and potential for duplication under the existing model.
"The new structure and senior appointments reflect our focus on dairy nutrition and emerging markets, as well as our intention to reduce layers and duplication to drive efficiencies across the business," Mr Spierings said.
The company plans a strong push into rapidly growing emerging markets where it has a strong presence, such as China, Association of South Eastern Nations and Latin America.
The top management, who all report to Mr Spierings, is:
# Chief financial officer Jonathan Mason.
# Managing director group optimisation and supply chain Ian Palliser.
# Group general manager strategy Maury Leyland.
# Group GM mergers and acquisitions Paul Campbell.
# MD co-operative affairs Todd Muller.
# MD New Zealand milk Gary Romano.
# MD Australia New Zealand John Doumani.
# MD ASEAN/Middle East/North Africa Mark Wilson.
# MD China/India Kelvin Wickham.
# MD Latin America Alex Turnbull.
# MD Fonterra nutrition Sarah Kennedy.
The position for managing director people culture and services is still to be confirmed.
The new managers have until August 1 to appoint the next two layers of management.
Paul McBeth
Tue, 08 May 2012
Tue, 08 May 2012
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
New Fonterra team's focus on emerging markets
20563