Fonterra CFO Andrew Murray resigns
Andrew Murray has stepped down as chief financial officer of Fonterra after two years in the role, with the dairy company beginning recruitment for his replacement.
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Andrew Murray has stepped down as chief financial officer of Fonterra after two years in the role, with the dairy company beginning recruitment for his replacement.
New Zealand's main share index ended the day virtually unchanged despite Fonterra's strong annual result, as rising oil prices and bond yields weighed on sentiment.
Fonterra reported a $2.6 billion annual profit and confirmed a $9.69 milk price for farmers, aided by its $4.22 billion sale of consumer brands to Lactalis.
Fonterra has posted a $3.4 billion operating profit for the year, boosted by $1.2 billion from selling its Mainland brands to Lactalis.