Andrew will remain with Fonterra until the end of the calendar year, supporting a smooth transition.
Established in 2023, the programme is focused on developing options that work in New Zealand’s pastoral system without compromising on-farm productivity or profitability.
Over the next three years, Fonterra expects total capital investment to be approximately NZ$1.3-1.6 billion per annum.
Total cash returns to shareholders was US$11.13 billion (NZD$19.6 billion).
Elisa Giusti’s appointment is effective from 15 June, the remainder of the structure will take effect from 3 August 2026.