Fonterra has announced CEO Fraser Whineray intends to resign from Fonterra at the end of this financial year on 31 July.
CEO Miles Hurrell says Whineray joined Fonterra in 2020 and has made a significant contribution during his time with the business.
“Fraser has set the Co-op ambitious goals for decarbonisation and the management of water, and his enterprise leadership helped shape our new strategy and 2030 targets.He will leave our operations business unit in great shape with a longer-term outlook and a sharp focus on efficiency.
“Fraser has indicated he intends to embark on a new career path and is looking to become more involved in venture capital as an investor and governor. I wish him well with this endeavour,” said Hurrell.
Whineray will stay on until the end of July and will assist in finding a successor.
