Fonterra CFO Stepping Down

Fonterra Co-operative Limited said that its Chief Financial Officer Jonathan Mason would be retiring in the next six months and that it had commenced an international search to replace him.

25 Jan 2013 --- Fonterra Chief Executive Officer Theo Spierings said Jonathan 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.

“Jonathan has also played a leading role in the launch of Trading Among Farmers, which has significantly improved the Co-operative’s capital structure.

“Jonathan will leave Fonterra in a much stronger position and we are grateful to him for this contribution.”

Mr Spierings said Mr Mason had agreed to support the Co-operative through to the end of the financial year while Fonterra identified a successor.