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20 Oct 2021 1:52
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  •   Home > News > Rural

    Fonterra's former chief executive pocketed 43 million dollars during his time in the job

    Fonterra's former chief executive pocketed 43 million dollars during his time in the job


    Fonterra
    Fonterra
    And the company's disclosed Theo Spierings received an incentive payment of 4.67 million dollars when he left the job last August.

    That came despite Fonterra's huge financial losses.

    In a statement, Fonterra says the final payment was made under a long-term leadership incentive plan for the 2016 and 2017 financial years.

    That plan has since been discontinued.

    © 2021 Newstalk ZB, NZCity

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