New Zealand's Fonterra CFO Andrew Murray resigns, to leave at end-2026

Oct 16 (Reuters) - New Zealand's Fonterra FCG.NZ said on Friday that its chief financial officer, Andrew Murray had resigned to take up a role outside of the company.

Here are some more details:

• Murray first joined Fonterra in February of 2023 as the commercial director of its global markets division, before taking over as group CFO a year later

• During his tenure, he helped steer major strategic initiatives designed to strengthen the dairy firm's long-term performance and future growth prospects, the firm added

• Prior to Fonterra, Andrew was the finance chief of Simplot Australia, a diversified agribusiness firm, and held senior finance roles at Cadbury parent Mondelez International MDLZ.O

• Murray will remain CFO until the end of 2026, Fonterra said, adding it would begin recruiting for a new CFO immediately

• Earlier in March, Fonterra named insider Richard Allen as its CEO following the resignation of Miles Hurrell