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Fonterra has restructured its management team as it advances its strategic overhaul, including the divestment of its consumer and associated businesses.
Richard Allen has been appointed president of global ingredients, expanding his responsibilities to include the dairy co-operative’s ingredients businesses in Greater China and the Middle East Africa. He previously led the segment across North America, North Asia, Asia Pacific and Europe.
Teh-han Chow will take on the role of president of global foodservice, overseeing operations in South East Asia, the Middle East Africa and other markets. He will also retain his position as CEO for Greater China.
With South East Asia and Middle East Africa foodservice now under Chow’s leadership, René Dedoncker’s role will shift to managing director global markets consumer, focusing on the businesses set for divestment.
Fonterra CEO Miles Hurrell said: “This is an exciting time for the co-op as we shift to the front foot and drive greater value creation through our high-performing Foodservice and Ingredients businesses. Enabling our teams to have a clear end-to-end view of our channels will strengthen their ability and focus to deliver end-to-end value to our farmer shareholders.”
“Both Richard and Teh-han have extensive knowledge across these channels, and I know they are well placed to lead these teams to help the co-op deliver our strategic goals.”
René Dedoncker, who previously oversaw both consumer and foodservice businesses in global markets, will now serve as managing director global markets consumer, leading the divisions earmarked for divestment.