Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Fonterra - Senior Corporate Finance Appointment

Fonterra Makes Senior Corporate Finance Appointment

Mr Alex Duncan has been appointed Director, Corporate Finance, of Fonterra Co-operative Group Limited. He joins the company from professional services firm Andersen New Zealand, where he has been lead partner in the corporate finance practice. He will take up his new position in early March.

Fonterra’s Chief Financial Officer, Graham Stuart, said Mr Duncan had considerable experience in leading the provision of high quality corporate finance advice. “In his new role, he will also be able to draw from extensive involvement as an adviser in the dairy industry restructuring process over the past two years.

“Mr Duncan will be responsible, among other things, for developing strategies to optimise portfolio risk exposure, including capital structure, foreign exchange and commodity price risks. He will also be responsible for managing investor relations and for analysis of the impact of the company’s strategies on its value. Mr Duncan’s appointment highlights the central place in Fonterra’s strategy of exploiting new opportunities as well as prudently managing its risks,” Mr Stuart said.

Prior to joining Andersen New Zealand in 1998, Mr Duncan ran his own consulting practice. He previously spent several years in the New Zealand Treasury, and was involved in many of the micro-economic reforms of the 1980s.


END

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news