Fonterra announces permanent leadership structure

NEW ZEALAND – Fonterra Co-operative Group Ltd has today announced permanent changes to its leadership structure, following the interim appointments announced in April 2026.

Teh-han Chow, CEO of Greater China, is accountable for leading Fonterra’s Ingredients and Foodservice businesses across Greater China, Gaby Amade, President Global Markets is accountable for leading our Ingredients and Foodservice businesses in Oceania, Americas, Southeast Asia, Japan, Middle East and Europe.

Additionally, Elisa Giusti, Chief Growth and Strategy Officer, is accountable for developing integrated market, product, and group strategies, portfolio optimisation, innovation, and global new business development. 

CEO Richard Allen says the Co-op is evolving from a channel-led to a market-led leadership structure to accelerate progress on strategic delivery and value growth.

“Our channel-led approach has served us well in establishing momentum in our B2B focused strategy, and the time is right to now make this market-led shift. With the divestment of Mainland Group complete, this structure will deliver our next era of customer-led growth and innovation across our global Ingredients and Foodservice channels.

“Through our new leadership structure, we’ll have a single point of sales accountability in each market for both Ingredients and Foodservice performance, supported by a global growth and strategy team tasked with ensuring our farmers’ milk accesses the highest value demand globally, both now and into the future,” said Mr Allen.

Fonterra reports US$161M profit in FY26 Q1

Recently, has reported a Group profit after tax of US$161 million ($278 million) in its FY26 Q1 business update.

Former CEO Miles Hurrell said Fonterra’s Total Group earnings for Q1 are in line with this time last year, noting the higher global commodity prices in the period compared to the previous season. 

Farmer shareholders voted to approve the divestment of Mainland Group to Lactalis for NZ$4.22 billion.

Mr. Hurrell noted that this represented a significant milestone and explained that the cooperative had received a strong mandate from its farmer shareholders to pursue its strategy of growing value as a global B2B dairy provider.

He emphasized that the organization was firmly focused on delivering on its commitments, including the target of restoring earnings to FY25 levels by FY28, to offset the impact of the Mainland Group divestment.

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