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Big payout for Spierings as Fonterra reports $196m loss

New chief executive announces major review.

Tim Hunter
Thu, 13 Sep 2018

Departed Fonterra boss Theo Spierings racked up a further $8 million pay packet in 2018 to add to his $8.3m remuneration last year but it was historic bonuses boosting the figure after losses obliterated his current year performance pay.

The giant dairy co-op Fonterra reported a $196m loss for

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Tim Hunter
Thu, 13 Sep 2018
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Big payout for Spierings as Fonterra reports $196m loss
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