gold stocks postpage LB desk

Do You Know Who Is Joining Fonterra’s Management Team?

  • December 18, 2018 09:15 PM AEDT
  • Team Kalkine
Do You Know Who Is Joining Fonterra’s Management Team?

The fund owned by New Zealand listed co-operative dairy company Fonterra Co-operative Group Limited, Fonterra Shareholders’ Fund announced the appointment of new Managing Director to the People & Culture management team of Fonterra.

non AMP MTF 10th feb webinar

In the release dated 18 December 2018, Fonterra Shareholders’ Fund (ASX: FSF) stated that Deborah Capill has been appointed as Managing Director People & Culture on the Fonterra Management Team with effect from 1 February 2019.

Ms. Deborah Capill is currently working in Germany with DHL Group at Deutsche Post for Global Head of Human Resources. She is accredited with expert experience in leading HR role and maintaining a successful track record in delivering solutions to global talent and capability to the business partners.Â

Fonterra’s CEO Miles Hurrell stated that Deborah’s experience is of vital importance to Fonterra and the company is expected to derive immense benefits under her HR lead. The company further informed that Deborah Capill would return to New Zealand from her existing role in Bonn, Germany to join Fonterra Shareholders’ Fund on 1 February 2019.

However, it is not the only management change that Fonterra has announced recently. Last week, the company also revealed the appointment of Mike Cronin to the role of Fonterra’s Managing Director Co-operative Affairs. This translates the change in Fonterra Management Team (FMT) which has brought Co-op’s current Corporate Affairs and Farm Source teams together.

Mr. Hurrell stated that these two teams share the common objective and have been working in collaboration on day to day basis covering the areas such as communications, sustainability, on-farm practices and a joint remit in reaching farmers to its co-operatives.

The company has downgraded its 2019 guidance for Farmgate Milk Price which is now expected to be within the range of $6.00-$6.30 per kgMS, down from previous $6.25-$6.50 per kgMS. As a result, forecast earnings per share range has been set to 25-35 cents.

John Monaghan, Chairman of Fonterra, stated that decline in expected Farmgate Milk Price range is driven by the headwinds from supply greater than the relative demand for milk. Resultantly, the GlobalDairy Trade index has been drifting downward since May.

Moreover, in an update to the first quarter, Fonterra posted $14 million declines in the gross margin of $646 million when compared to the previous corresponding period. Revenue was down 4% to $3.8 billion, and sales volumes were 3.6 billion liquid milk equivalent (LME), down 6%. However, on a percentage basis, Fonterra’s gross margin increased from 16.6% to 17% for the quarter ended 30 September 2018.

With today’s update on the change in management, Fonterra witnessed the positive market sentiments on ASX. FSF share price edged up by 0.233% to close at $4.310 on 18 December 2018. Its last traded PE was 13.370 x with a market capitalization of $458.52 million. While on the other side, the stock has fallen by 26.24% over the past 12-months.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.



The website is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK