Tuesday 17th March 2015 |
Text too small? |
Fonterra Cooperative Group's managing director of its Asia Pacific, Middle East and Africa business unit, Pascal De Petrini, has resigned with immediate effect to take up a role with his former company and Fonterra arch competitor, the French food giant Danone, less than 18 months after moving to the world's largest dairy exporter.
De Petrini, who is a member of Fonterra's management team, will return to France to take the role as Danone's executive vice president strategic resource cycles in mid-June, Auckland based Fonterra said in a statement.
Fonterra has begun the process to recruit a successor and aims to have a final structure in place by Aug. 1, the company said. In the interim, the unit will be managed by a temporary structure with the heads of the regions reporting director to Fonterra chief executive Theo Spierings.
Spierings said De Petrini had strengthened Fonterra's consumer and food service business since joining in October 2013.
BusinessDesk.co.nz
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes