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7 Jul 2020 12:42
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  •   Home > News > Rural

    Fonterra's new boss says reducing the company's debt by 800 million dollars is achievable

    Fonterra's new boss says reducing the company's debt by 800 million dollars is achievable


    Fonterra
    Fonterra
    Miles Hurrell has been installed as CEO today, having been interim boss since last August .

    Hurrell says their balance sheet has blown out in part because of troubles in Latin America and Australia.

    He says there've been economic problems in Latin America and the drought has been an issue in Australia.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     26 Jun: Manawatu dairy farmer Andrew Hoggard is the new president of Federated Farmers
     26 Jun: Former Zespri chairman Peter McBride will lead the boardroom of the country's largest company
     26 Jun: Fonterra is replacing its retiring chairman John Monaghan with Tauranga dairy farmer and kiwifruit grower Peter McBride
     24 Jun: The global demand for sheep milk is growing, and Kiwi farmers are responding
     23 Jun: Fonterra farmers who produce sustainable, high quality milk will soon be eligible for a new payment of up to 10 cents per kg of milksolids
     15 Jun: Dairy farmers aren't overly optimistic that a wide ranging milk payout will be narrowed
     03 Jun: Dairy farmers have agreed to again bankroll their industry organisation
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