FCG
17/03/2015 08:30
OFFICE
NOT PRICE SENSITIVE
REL: 0830 HRS Fonterra Co-operative Group Limited
OFFICE: FCG: Fonterra Announce Departure of Pascal De Petrini, MD, APMEA
Fonterra Co-operative Group Limited today announced the resignation of Pascal
De Petrini, Managing Director of the Co-operative's Asia Pacific, Middle East
and Africa (APMEA) business unit, and member of Fonterra's Management Team.
Mr Petrini has decided to return to France to accept a role with his former
company, Danone, as Executive Vice President Strategic Resource Cycles in mid
June this year.
Fonterra Chief Executive, Theo Spierings said today, "Since joining Fonterra
in October 2013, Pascal has strengthened our consumer and foodservice
business. He is a strong team player who has set a clear, focused strategy to
drive both volume and value in our key APMEA markets. We respect his decision
to accept a new challenge and thank him for his leadership of our APMEA
business during his time with the Co-operative.
"APMEA continues to play a major role in enabling us to achieve our ambition
to become a global Co-operative and we remain committed to the APMEA region
and growing our consumer-branded and foodservice business.
"We have begun the process to recruit Pascal's successor and our aim is to
have a final structure in place by 1 August," said Mr Spierings.
As an interim measure, the Co-operative's APMEA business will be managed by a
temporary structure with the heads of the regions reporting directly to the
CEO.
Mr De Petrini's resignation is effective immediately.
- ENDS -
End CA:00261910 For:FCG Type:OFFICE Time:2015-03-17 08:30:44
