Fonterra announces changes to its executive team

Fonterra has announced changes to its executive team, with Richard Allen and René Dedoncker both moving into new roles.

Allen, Fonterra’s President Atlantic, has been appointed to the role of President Global Markets Ingredients, while Dedoncker, Fonterra’s Managing Director Oceania, has been appointed to the role of Managing Director Global Markets Consumer and Foodservice. 

Miles Hurrell, CEO of Fonterra, said their appointments to Fonterra management team demonstrate the depth of capability within the co-op.

“Richard Allen has been with Fonterra since 2008 and has held a number of significant roles across the business during this time, including leading our Foodservice business in Greater China and our Farm Source business here in New Zealand. 

“In his current role as President Atlantic, Richard is responsible for Fonterra’s operations across the Americas and Europe as well as our top global Ingredients accounts. Richard has a sharp commercial mind and I look forward to seeing how he deepens our strategic customer relationships and drives further value through our Global Markets Ingredients business.

“René Dedoncker has been with the Co-op since 2005 and has held several global leadership positions during that time. He has led our Australian business since 2017, including through its recent merger with Fonterra Brands New Zealand to form Fonterra Oceania. 

“In this new role, René will provide leadership to our Global Markets Consumer business during the potential divestment process, with a focus on continuing to drive performance. René will also lead development and delivery of the strategic growth plans for our Foodservice business outside of Greater China,” said Hurrell.

The appointments will be effective from 1 August 2024 and will replace Global Markets CEO Judith Swales.

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