Fonterra boss Miles Hurrell says turning around the dairy giant has not been smooth sailing
ROSS GIBLIN/STUFF Fonterra chief executive Miles Hurrell is turning the dairy giant around after a big global expansion failed to deliver. Fonterra chief executive Miles Hurrell faced a daunting task when he was asked to take the helm of the country’s largest company in 2018, but he is getting the dairy giant in shape. The co-operative owned by its 10,000 farmer suppliers and supporting some 20,000 employees was heading for its first annual loss since its creation in 2001 after a period of big expansion failed to deliver the promised profits and left it saddled with too much debt. Hurrell...
Source: stuff.co.nz