Ann: OFFICE: FCG: Fonterra CFO Stepping Down

• Release Date: 25/01/13 15:56
• Summary: OFFICE: FCG: Fonterra CFO Stepping Down
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FCG
25/01/2013 13:56
OFFICE

REL: 1356 HRS Fonterra Co-operative Group Limited

OFFICE: FCG: Fonterra CFO Stepping Down

Fonterra Co-operative Limited said today that its Chief Financial Officer
Jonathan Mason would be retiring in the next six months and that it had
commenced an international search to replace him.

Fonterra Chief Executive Officer Theo Spierings said Jonathan Mason had
always indicated that Fonterra would be his last full time role: "Jonathan
joined Fonterra in the midst of the global financial crisis in 2009 and,
under his leadership, ensured the Co-operative's financial position was
strengthened through those difficult times."

"Jonathan has also played a leading role in the launch of Trading Among
Farmers, which has significantly improved the Co-operative's capital
structure."

"Jonathan will leave Fonterra in a much stronger position and we are grateful
to him for this contribution."

Mr Spierings said Mr Mason had agreed to support the Co-operative through to
the end of the financial year while Fonterra identified a successor
End CA:00232337 For:FCG    Type:OFFICE     Time:2013-01-25 13:56:56