22 Mar 2018

Fonterra seeks new CEO, deals with $348m loss - analysis

From Morning Report, 7:35 am on 22 March 2018

There are calls for the next head of New Zealand's biggest company, Fonterra, to be homegrown - and for the salary to be given some hard thought. Chief executive Theo Spierings, who's been in the position for seven years, is leaving the cooperative later this year. His resignation from the $8 million role came shortly after the company announced a $348 million loss for the six months to September. Peter Fraser is an economist who specialises in agricultural issues and he joins us with his analysis.