Fonterra Places Two Senior Managers on Leave

16 Aug 2013 --- Fonterra announced that two senior managers have been placed on leave, effective immediately, as it continues its internal operational investigation into the circumstances surrounding the recent precautionary recall of whey protein concentrate.

Fonterra Chief Executive, Theo Spierings, said, “We are moving quickly and establishing key facts about what has happened and, as they emerge, we are taking appropriate action.”

Mr Spierings said that placing the two on leave did not pre-empt the findings of the operational review and they will continue to be involved in the ongoing investigation.

The internal operational review will be completed by the end of the month and is looking into the transparency of information in the business, and how that information is escalated to the appropriate levels. 
Fonterra’s Board of Directors is continuing a separate inquiry and the findings from the operational review will be shared with them.