久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Fonterra CEO resigns as dairy giant announces gross loss in first half results

Xinhua | Updated: 2018-03-21 16:45
Share
Share - WeChat
Theo Speirings, former CEO of New Zealand's Fonterra Cooperative Group. [Photo provided to China Daily]

WELLINGTON - Fonterra CEO has resigned and is to step down later this year as Theo Speirings held the helm of the world's largest dairy exporting company for nearly seven years, a statement said here on Wednesday.

Fonterra says that its board and Spierings had formally commenced succession discussions last year, ruling out connections between the decision and the cooperatives' NZ$348 million ($250 million) loss after tax in the first half results ending January 31.

Fonterra Chairman John Wilson says the board was taking the decision to bring forward the announcement, which the board was expecting to make in April, to avoid speculation.

"Theo has delivered extraordinary value," Wilson told the press here, noting that the decision was not a reaction to the cooperative's performance and Spierings would continue in the role until a new chief executive was appointed.

Wilson announced Fonterra's first half results on the same day, showing hefty loss blamed on one-off Danone settlement in a lawsuit in relation to a Fonterra's precautionary recall of whey protein in August 2013.

The loss was also attributed to a write-down of the value of its Beingmate investment by $405 million to $244 million. Beingmate, which develops and sells children's food and infant milk formula in China, in January downgraded its earnings for 2017 to a loss of $171 to 214 million.

"As these are one-off events, our normalized net profit after tax of $248 million is a better reflection of our underlying operating performance for the half year," said Wilson, adding that shareholders will be rightfully disappointed with this outcome and Beingmate's continued under-performance is "unacceptable".

The outgoing Spierings said his seven years with Fonterra had been "quite a ride" but Fonterra remains at the top of the dairy world. "Fonterra remains close to my heart," he said.

Spierings prided himself in having established a strong demand-led strategy and oriented itself to become innovative and sustainable. "It is now time for a new CEO who can lead the co-operative through this next phase."

"It is also the right time for me personally. I look forward to new challenges," he said as the board was now shortlisting candidates, according to Fonterra.

"It is not yet clear exactly when any appointment for Theo's replacement will be made, but it is absolutely clear that Theo will continue in the meantime to drive the co-operative's strategy and business, with special emphasis on China," said Wilson.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲精品第一区二区三区 | 免费一级毛片在线播放放视频 | 欧美一级久久久久久久久大 | 国产91一区二区在线播放不卡 | 欧美成人性做爰网站免费 | 欧美第一视频 | 国产三级三级三级三级 | 欧美a级在线 | 男女在线视频 | 男人天堂1024 | 日韩在线一区二区三区视频 | 久草免费资源视频 | 日韩精品一区二区三区中文字幕 | 亚洲欧美日韩精品永久在线 | 性色午夜视频免费男人的天堂 | 日本一二线不卡在线观看 | 成人亚洲网 | 手机看片国产免费永久 | 一级毛片免费在线观看网站 | 美女视频网站色 | 在线亚洲精品国产波多野结衣 | 日本成人午夜 | 国产欧美日韩视频在线观看一区二区 | 九一精品| 67194成人在线观看 | 亚洲精品免费在线观看 | 免费观看国产网址你懂的 | 2021精品国产品免费观看 | 成人欧美一区二区三区在线 | 国产精品高清视亚洲一区二区 | 综合另类| 日本一级特大毛片 | 国产一及片 | 国产成人精品无缓存在线播放 | 日韩一级片免费看 | 欧美一级毛片免费看高清 | 国产欧美亚洲精品一区 | 日韩三级黄| 国产成人影院在线观看 | 美女视频一区二区三区 | 亚洲精品人成网在线播放影院 |