The dairy co-operative has hired Fraser Whineray as its Chief Operating Officer - a brand new role for Fonterra.

Whineray is also the Chair of the Prime Minister's Business Advisory Council.

He starts at the dairy giant early next year.

>> More Rural News

Other Rural News

15 Jan: Potential for a dairy price recovery

15 Jan: Fonterra's boss says farmers are used to volatility in prices and payouts

26 Dec: Some good news on the horizon for cattle and sheep farmers

19 Dec: The Reserve Bank's weighing in on the Fonterra deal

12 Dec: Dairy farmers are being warned they'll be taking a cut in earnings, due to falling global dairy prices

04 Dec: Fonterra is getting closer to selling off its consumer brands like Anchor and Mainland

03 Dec: The fall in global dairy prices continues

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