China’s government has been actively encouraging higher dairy consumption to improve nutrition levels.
Richard will step into the CEO role on 1 May 2026, with Miles staying with Fonterra in an advisory role until September 2026 to assist with the leadership transition.
Fonterra agreed to sell its Consumer and associated businesses to Lactalis for NZD 3.845 billion (US$2.245 billion).
The payout combining dividends and proceeds from the Mainland sale.
NEW ZEALAND – Fonterra’s cheesemakers have been celebrated at the New Zealand Champions of Cheese Awards, with both the Co-operative’s Ingredients and Foodservice brands, NZMP…