Fonterra has announced changes to its management team as the company moves forward with its strategy to divest its Consumer and associated businesses.
Richard Allen has been appointed President – Global Ingredients, expanding his role to include Fonterra’s Ingredients businesses in Greater China and the Middle East Africa. He previously led the division across North America, North Asia, Asia Pacific, and Europe.
Teh-han Chow will take on the role of President – Global Foodservice, now overseeing Foodservice operations in South East Asia, the Middle East Africa, and other markets. He will also remain CEO for Greater China.
Miles Hurrell, CEO of Fonterra, said the adjustments would strengthen leadership in Fonterra’s Foodservice and Ingredients divisions.
“This is an exciting time for the Co-op as we shift to the front foot and drive greater value creation through our high-performing Foodservice and Ingredients businesses. Enabling our teams to have a clear end-to-end view of our channels will strengthen their ability and focus to deliver end-to-end value to our farmer shareholders.
“Both Richard and Teh-han have extensive knowledge across these channels, and I know they are well placed to lead these teams to help the Co-op deliver our strategic goals,” Mr Hurrell said.
With the transition of the South East Asia and Middle East Africa Foodservice teams to Mr Chow, René Dedoncker’s title will change from Managing Director Global Markets Consumer and Foodservice to Managing Director Global Markets Consumer, focusing on the businesses set for divestment.
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