Alex Duncan has been appointed Director, Corporate Finance, of Fonterra Co-operative Group Limited. He joins the company from professional services firm Andersen New Zealand, where he has been lead partner in the corporate finance practice. He will take up his new position in early March.

Fonterra's Chief Financial Officer, Graham Stuart, said Mr Duncan had considerable experience in leading the provision of high quality corporate finance advice.

"In his new role, he will also be able to draw from extensive involvement as an adviser in the dairy industry restructuring process over the past two years.

Mr Duncan will be responsible for developing strategies to optimise portfolio risk exposure, including capital structure, foreign exchange and commodity price risks. He will also be responsible for managing investor relations and for analysis of the impact of the company's strategies on its value.

"Mr Duncan's appointment highlights the central place in Fonterra's strategy of exploiting new opportunities as well as prudently managing its risks," Mr Stuart said.

Prior to joining Andersen New Zealand in 1998, Mr Duncan ran his own consulting practice. He previously spent several years in the New Zealand Treasury, and was involved in many of the micro-economic reforms of the 1980s.