Greater trans-Tasman strength for our dairy
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.
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.