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- Release Date: 29/11/12 16:56
- Summary: DIRECTOR: FCG: FONTERRA ANNOUNCES MANAGEMENT CHANGE
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FCG
29/11/2012 14:56
DIRECTOR
REL: 1456 HRS Fonterra Co-operative Group Limited
DIRECTOR: FCG: FONTERRA ANNOUNCES MANAGEMENT CHANGE
Fonterra Co-operative Group Limited announced today a change to its senior
management team arising from a reorganisation of its consumer businesses
across the Asia Pacific region. The Co-operative announced that it was
combining its Australian New Zealand (ANZ) and ASEAN/Middle East/North Africa
businesses to form a single Asia Pacific/Middle East/Africa (APMEA) business
unit.
The Managing Director APMEA will be Mark Wilson, Fonterra's existing Managing
Director ASEAN/MENA. The appointment takes effect in January .
After six years of working in Melbourne away from his Sydney based family,
Fonterra's Managing Director ANZ, John Doumani, has indicated that he will
take the opportunity to leave the Co-operative and pursue opportunities
outside Fonterra. He will assist in the transition period and will leave at
the end of March next year.
Fonterra chief executive Theo Spierings said the move was part of the
co-operative's strategy to grow its consumer businesses: "Our businesses
across Asia Pacific represent around 40% of our earnings and are vital to the
Co-operative. There are big growth opportunities in the emerging markets of
Asia and Middle East, and some challenges to address in our home markets of
Australia and New Zealand and our strategy requires us to address both.
"Mark Wilson is a very experienced global business leader who has grown our
Asian business from strength to strength and we know he will do a great job
in this expanded new role."
End CA:00230425 For:FCG Type:DIRECTOR Time:2012-11-29 14:56:07
