Questions around this news
What is Fonterra Oceania?
Fonterra Oceania is the name for the combined business formed by integrating Fonterra Brands New Zealand and Fonterra Australia. The New Zealand business includes consumer brands and foodservice operations, while the Australian business serves its own brands and ingredients activities.
When will the Fonterra Oceania integration take effect?
The integration of Fonterra Brands New Zealand and Fonterra Australia is scheduled to take effect on 1 May 2024. The release describes the change as intended to strengthen the company’s trans-Tasman offering in a competitive marketplace.
Who will lead the new Fonterra Oceania team?
René Dedoncker will lead the new Fonterra Oceania team. The release says he has held several global leadership roles within the co-operative and took charge of the Australian business in 2017.
How will milk supply work for Fonterra’s New Zealand and Australian businesses?
The release says Anchor, Mainland and Kāpiti will continue to use milk from New Zealand farmers. It also says the Australian milk pool will continue to supply the milk solids used for Australian brands and ingredients.
Fonterra is integrating two important parts of its business, Fonterra Brands New Zealand (FBNZ) and Fonterra Australia. Together, this part of our business will be known as Fonterra Oceania.
February 19, 2024 -- The change will strengthen our trans-Tasman offering in what is an increasingly competitive marketplace.
Our businesses in Australia and New Zealand have many complementary aspects and integrating them builds on these strengths.
FBNZ comprises our consumer brands and foodservice businesses here in New Zealand, including brands Anchor, Mainland and Kāpiti, which will continue to utilise our New Zealand farmers’ milk.
The Australian milk pool will continue to provide the milk solids for our Australian brands and ingredients.
The integration of FBNZ and Fonterra Australia will be effective from 1 May 2024 with René Dedoncker to lead the new Fonterra Oceania team.
René has extensive experience from across the Co-op, having held several global leadership positions before taking the reins of the Australian business in 2017.
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At a glance
- Company
- Fonterra
- Location
- Australia and New Zealand
People
- René DedonckerLead the new Fonterra Oceania team
