13 Aug 2019

Fonterra management ‘corporate eunuchs’ - Shane Jones

From Morning Report, 8:24 am on 13 August 2019
Shane Jones

Photo: RNZ / Richard Tindiller

Minister of Regional Economic Development Shane Jones is calling Fonterra's management "corporate eunuchs" after the dairy co-op forecast another big loss yesterday.

The co-op is forecasting a loss of of up to $675 million this financial year as it writes down the value of its underperforming overseas assets.

Mr Jones says Fonterra's board has shown itself to be "grossly inept". He spoke to Susie Ferguson about his characterisation of Fonterra:

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