Provided by NZX
  • FSF6.2

    $0.020.32%

  • Open 6.18 High 6.2 Low 6.17 Bid Price 6.19

    Offer Price 6.2 Value 937879.93 Volume 151376

Current as of 17/01/17 02:19PM NZST
Jamie Gray is a business reporter for the New Zealand Herald and NZME. news service.

Fonterra CFO announces exit

Jonathan Mason has played a key role in the launch of Fonterra's TAF scheme. Photo / Dean Purcell
Jonathan Mason has played a key role in the launch of Fonterra's TAF scheme. Photo / Dean Purcell

Fonterra said its chief financial officer, Jonathan Mason, would retire in the next six months.

The cooperative's chief executive Theo Spierings said Mason had always indicated that Fonterra would be his last full-time role.

"Jonathan joined Fonterra in the midst of the global financial crisis in 2009 and, under his leadership, ensured the co-operative's financial position was strengthened through those difficult times," Spierings said in a statement.

Mason also played a leading role in the launch of Trading Among Farmers share trading schme, which "significantly improved" Fonterra's capital structure.

Spierings said Mason had agreed to stay through to the end of the financial year while Fonterra identified a successor.

- APNZ

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production bpcf03 at 17 Jan 2017 14:32:48 Processing Time: 422ms