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Fonterra CEO Miles Hurrell Resigns After Eight Years in Role
Miles Hurrell completes a strategic reset that improved financial discipline and farmer trust at Fonterra, with a six-month notice period for leadership transition.
- This month, Fonterra CEO Miles Hurrell announced he will resign and serve a six month notice to enable an organised leadership transition, the co‑op disclosed to the market.
- Appointed in 2018 to lead a reset, Hurrell said stepping away is not easy but the time is right for both him and the Co‑op, the board said it will run a selection process.
- Speaking to stakeholders, Hurrell noted, 'I know that the business will be in good hands. There's an exceptional team of people who will carry the Co-op forward and continue to drive value for farmers', and expressed confidence in the team.
- The board and management said they will run a robust selection process and appoint a new CEO in the coming months, as Peter McBride, Fonterra board chair, stated Hurrell had decided the time was right for him to leave.
- Looking to the Co‑op's future, McBride said Hurrell's leadership lifted financial discipline and built strong foundations, with Hurrell acknowledging the impact on thousands of New Zealand farming families.
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Total News Sources15
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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