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24 Nov 2020 14:17
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  •   Home > News > Rural

    Fonterra's former chief executive pocketed 43 million dollars during his time in the job

    Fonterra's former chief executive pocketed 43 million dollars during his time in the job


    Fonterra
    Fonterra
    And the company's disclosed Theo Spierings received an incentive payment of 4.67 million dollars when he left the job last August.

    That came despite Fonterra's huge financial losses.

    In a statement, Fonterra says the final payment was made under a long-term leadership incentive plan for the 2016 and 2017 financial years.

    That plan has since been discontinued.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
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     15 Oct: Fonterra's increased the mid-point of its forecast farmgate milk price range to $6.80 per kilos of Milk Solids, up from $6.40
     05 Oct: Dairy giant Fonterra's farm sales in China,don't mean it's pulling out of the market
     28 Sep: The bill to compensate Mid Canterbury farmers found with Mycoplasma bovis in their herds might be around 17-million dollars
     25 Sep: First there was Shrek the wooly sheep and now there's Mrs Gizzy Shrek
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