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

By Reuters News

Oct 16 (Reuters) - New Zealand's Fonterra FCG.NZ said on Friday that Chief Financial Officer Andrew Murray had resigned to take up a role outside the company.

Here are some more details:

  • Murray joined Fonterra in February 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 said

  • Prior to Fonterra, Murray 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 start the recruiting process for a new CFO immediately

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

  • Fonterra shares were 0.9% higher at NZ$5.42, as of 0053 GMT


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