Ann: OFFICE: FSF: FONTERRA MANAGEMENT APPOINTMENT

• Release Date: 10/07/13 12:26
• Summary: OFFICE: FSF: FONTERRA MANAGEMENT APPOINTMENTS
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FSF
10/07/2013 10:26
OFFICE

REL: 1026 HRS Fonterra Shareholders' Fund (NS)

OFFICE: FSF: FONTERRA MANAGEMENT APPOINTMENTS

Fonterra Co-operative Group today announced the appointments of Lukas
Paravicini as Chief Financial Officer and Jacqueline Chow as Managing
Director Global Brands & Nutrition.

Mr Paravicini takes over the CFO position from Jonathan Mason who retires at
the end of September. Mr Paravicini joins Fonterra after 22 years with
Nestle. He has been General Manager for Nestle Professional Europe for the
last two years and prior to this he held a number of senior finance positions
in different parts of the Nestle business including running their Global
Business Services and spending 10 years in Latin America.

The MD Global Brands & Nutrition is a new role on the Fonterra management
team, and leads a new function driving Fonterra's overall marketing,
innovation and research activities.

Ms Chow has a 20-year career in global blue-chip multinationals and joins
Fonterra from Arnott's, where she was General Manager of Australia and New
Zealand and led the growth of its $1 billion business. She has held executive
marketing and innovation roles in Campbell's and the Kellogg Company, and
started her career as a strategy consultant in consumer products.

Fonterra CEO Theo Spierings said the appointments reflected well on the
co-operative's continued ability as a global player in the dairy industry to
attract high calibre, internationally experienced people to senior management
roles.

"Lukas and Jacqueline will join our team which is focused on driving our V3
strategy forward. We look forward to them contributing their expertise at the
top table.

"Lukas' strengths and experience will be a considerable asset to Fonterra. He
really understands dairy and has lived and worked in some of our most
strategically important markets.

"Jacqueline will bring extensive FMCG and marketing experience to our
marketing and innovation agenda in support of our strategy."

With these appointments the Fonterra management team which drives the
strategy and day-to-day performance of the business now comprises:

o Managing Director NZ Milk Products, Gary Romano
o Managing Director APMEA (acting), Johan Priem
o Managing Director Greater China & India, Kelvin Wickham
o Managing Director Latin America, Alex Turnbull
o Chief Financial Officer, Lukas Paravicini
o Managing Director Global Brands & Nutrition, Jacqueline Chow
o Managing Director People, Culture & Services, Chris Caldwell

The roles of Group Director Strategy, Maury Leyland, Group Director
Co-operative Affairs, Todd Muller, and a new role of Group Director
Communications, Kerry Underhill, will provide group-wide support and report
to the CEO.

Group Director Mergers & Acquisitions, Paul Campbell, will report to the CFO.

Ian Palliser, who was previously MD Group Optimisation & Supply Chain, is
taking up a role leading one of Fonterra's key strategic initiatives. The
functions within his previous role have been incorporated into other areas of
Fonterra's management team.

Sarah Kennedy's next move will be the subject of a separate announcement. Ms
Kennedy was previously MD Fonterra Nutrition which has been incorporated
primarily into the new Global Brands & Nutrition function.

The new organisation structure will take effect from the start of Fonterra's
financial year on 1 August, 2013 with Mr Paravicini taking up his position in
September and Ms Chow taking up her position in October
End CA:00238406 For:FSF    Type:OFFICE     Time:2013-07-10 10:26:57