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17 Oct 2019 19:28
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  •   Home > News > Rural

    Fonterra's boss is determined to move forward - not back

    Fonterra's boss is determined to move forward - not back


    Fonterra
    Fonterra
    The company's anticipating a loss of up to 675-million-dollars this financial year, after writing down under-performing overseas assets.

    It's reviewing its business - and looking to cut debt by 800-million-dollars this year.

    It's decided not to pay a dividend for the year to end of July.

    CEO Miles Hurrell says they're focusing on the company's basic values - which is New Zealand milk, and sustainability - and delivering that to the world.

    © 2019 Newstalk ZB, NZCity


     Other Rural News
     16 Oct: Despite public perception - a dairy farmer says most farmers... are doing they best job they can
     16 Oct: Global dairy prices have edged up point-five-percent at Fonterra's latest overnight auction
     09 Oct: The Agriculture Minister says improving the performance of Fonterra is in everyone's interests
     08 Oct: Mercury's CEO is off to Fonterra
     08 Oct: A threat to meat and dairy farmers - and the national economy.
     02 Oct: Global dairy prices have risen slightly at Fonterra's latest overnight auction
     27 Sep: Shane Jones says Fonterra's executive needs to be pruned, as the dairy giant grapples with a 605-million-dollar loss
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