Fonterra loses another leader

Fonterra loses again (after Theo Spierings) a leader, because John Wilson resigns his position (due to health reasons). While the comments are mostly positive, he has also been criticized for a financial failure in China and the botulism scandal.

The changing of the guard is quite unexpected. Earlier this year, the CEO, the Dutch Theo Spierings, to stop, but now the chairman of Fonterra is also resigning his position. Wilson recently underwent major surgery, which is why he is stepping down as chairman in the fall.

Kiwi new CEO of Fonterra?
Wilson has been the chairman of New Zealand's largest cooperative since 2012. He is succeeded by John Monaghan, who is immediately instructed to find a replacement for Spierings. New Zealand politicians have indicated that this time the position should go to 'a kiwi' (a New Zealander). This immediately presents the chairman with a great challenge.

Although the majority is positive about Wilsom, he was also criticized by politicians about the losses suffered in China. That came to $400 million for Fonterra. Also, an amount of $138 million had to be paid to Danone, because of the affair surrounding botulism† About 1 month earlier, he was even asked to resign from his position.

China and Fonterra not a good match
However, he is known for his compassion for the dairy farmer. For example, he came to the aid of livestock farmers when they were faced with a dip in the milk price. Fonterra has faced major challenges since 2011, in which China in particular has proven to be a dangerous temptation.

From the autumn, a new wind will blow at the cooperative. The executives then say goodbye. The cooperative is thus entering a new era, in which the environment in particular will play a major role.

Herman van den Pol

Herma van den Pol has been with us since 2011 Boerenbusiness and has developed over the years into a market expert Milk & Feed. In addition, she can be seen weekly in the market flash about the dairy market.

h.vandenpol@boerenbusiness. Nl

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